Uefa has rejected Crystal Palace's proposal to place shares owned by John Textor and David Blitzer in a blind trust, which threatens the club's participation in European competitions next season. Textor's ownership of Lyon and Blitzer's stake in Brøndby clash with Uefa's regulations on multi-club ownership. Despite discussions with Uefa officials, Crystal Palace missed the deadline for registering the blind trust, leading to potential exclusion from the Europa League and increasing frustrations with Uefa's rigidity, especially given their lack of foresight regarding competitive qualification.
Crystal Palace's participation in the Europa League is threatened due to Uefa's rules against multi-club ownership with Textor being a stakeholder in Lyon.
Crystal Palace executives were unable to broker a solution with Uefa regarding a blind trust for shares, as the deadline for registration had passed.
Uefa maintains strict regulations on club ownership to ensure fair competition, as showcased by the rejection of Palace's blind trust proposal for compliance.
The lack of foresight from Crystal Palace regarding European qualification has resulted in frustration as they face potential exclusion from UEFA competitions.
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