UEFA Reviews Crystal Palace Ownership Ahead Europa League Decision
UEFA Reviews Crystal Palace Ownership Ahead Europa League Decision

UEFA Reviews Crystal Palace Ownership Ahead Europa League Decision

News summary

Crystal Palace's participation in next season's Europa League is under threat due to UEFA's rules on multi-club ownership, as John Textor, who owns 43 percent of Palace, is also the majority owner of French club Lyon, both qualified for the competition. UEFA has requested more detailed information on Palace's ownership and decision-making structure to determine if Textor exercises undue influence, with Palace officials arguing that his 25 percent voting rights limit his control. Textor has expressed willingness to sell his stake to resolve the issue, with interested buyers including a consortium featuring NBA star Jimmy Butler, New York Jets owner Woody Johnson, and other US-based investors. Johnson has formally submitted a bid to acquire Textor's shares as the club seeks to meet UEFA's looming deadline and avoid exclusion. While a UEFA decision is expected soon, the situation remains uncertain and may face legal challenges from other clubs like Nottingham Forest, who stand to benefit if Palace is expelled. Palace remains optimistic following UEFA's request for additional information, which could allow them to compete in Europe without a sale if they prove Textor's limited influence.

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2
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Last Updated
4 days ago
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100% Right
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