- Aug 21, 2016
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Crystal Palace's participation in the Europa League is getting interesting.
There was a challenge because John Textor owns significant stakes in Palace and Lyon. UEFA rules prevent multiple teams under one multi-club ownership structure competing in the same European competition. But now Lyon have been relegated and had their Europa place stripped due to the poor state of their finances. Lyon are appealing. Textor has agreed a deal to sell his 43% share in Palace.
www.bbc.com
There was a challenge because John Textor owns significant stakes in Palace and Lyon. UEFA rules prevent multiple teams under one multi-club ownership structure competing in the same European competition. But now Lyon have been relegated and had their Europa place stripped due to the poor state of their finances. Lyon are appealing. Textor has agreed a deal to sell his 43% share in Palace.
Lyon relegated: French club demoted to Ligue 2 over finances
French club Lyon are demoted to Ligue 2 because of the poor state of their finances.


