John Textor expressed concerns about Crystal Palace's eligibility for European competition after their FA Cup victory due to his ownership stakes in both Palace and Lyon. Textor's involvement could violate Uefa's multi-club ownership regulations. He has agreed to sell his 43% stake in Palace to Woody Johnson. Despite helping the club financially during the pandemic, Textor indicated that he does not have significant influence in decision-making processes. Recently, Lyon won an appeal against their relegation from Ligue 1, which potentially complicates Palace's European competition status further.
I was very happy, but I felt the gravity of it. And I was concerned on the same day holding the cup next to the Prince [William]. It was a great moment and I couldn't have been happier for the fans, but yeah, I was worried about what was coming.
I help a lot. I showed up during Covid and paid off Covid debt. I helped finish the academy. I am sitting there on the board with four other guys. Steve Parish is making the decisions and bringing us players.
Textor's involvement with both Palace and French club Lyon looks set to cost the Eagles a spot in the Europa League under Uefa's rules governing multi-club ownership.
Lyon won an appeal against their relegation from Ligue 1 because of the club's poor financial state. French football authorities demoted the seven-time champions into Ligue 2 last month, but that decision has been overturned.
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