Textor’s Lyon Win can be the defeat of the European League Palace
July 11 – John Textor’s Cup will be half full, but now it looks overflowing. His victory with the recovery of Olympique Lyonnais to France Ligue 1 and therefore European League participation two months ago will be balanced by the defeat of the expected degradation from Crystal Palace from the European League participation.
The textor will not be too disturbed by it now because he no longer holds the position of shareholders in the palace, but the exit does not arrive on time for UEFA, leaving the Palace to deal with the impact of their former majority shareholders.
Textor, through Eagle Football Holdings, holds the majority shares in Crystal Palace, but is also part of the majority of Lyon. Textor has a deadline for March 1 from UEFA to sell its shares at Crystal Palace to meet multi-club ownership rules.
While the Textor shares in Palace have now sold for £ 190 million to US investors Woody Johnson, Textor skipped the deadline, but still avoiding financial bullets with sales.
UEFA has not confirmed that the palace will be moved to the conference league, with Nottingham Forest to move to the European League but it seems the most likely scenario.
UEFA officials will meet before the official statement is issued and they can still make a decision not to punish the club now after the textor has come out.
Lyon qualified for the European League in front of Palace because they finished sixth in their domestic competition (Lyon was relegated after violating financial rules in France). Palace is finished 12Th In the Premier League but qualify through their FA Cup victory.
The UEFA rule is that where one person has control over several clubs that meet the requirements for the same European tournament, which is completed higher in their domestic league to take slots.
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