Crystal Palace's appeal to compete in Europa League to be heard by CAS next month
Crystal Palace were demoted to the third-tier Conference League by Uefa's Club Financial Control Body in a multi-club ownership case.
– A closed-door hearing in the case of Crystal Palace v Uefa, Nottingham Forest and Olympique Lyonnais will be held on Aug 8, the Court of Arbitration for Sport (CAS) said on July 30.
Palace were
demoted from the second-tier Europa League to the third-tier Conference League by Uefa earlier in July for breaching multi-club ownership rules, while French club Lyon were allowed to play in the Europa League.
Uefa rules say that no owner or co-owner can have a controlling interest in more than one club competing in the same European competition during the same season.
Palace were punished as American businessman John Textor owns a controlling stake in the club. He is also chairman of the Eagle Football Group, which is the majority owner of French club Lyon.
Textor later resigned from Lyon's board of directors with Michele Kang appointed chairwoman and president.
He also agreed in July to sell his Palace stake to Woody Johnson, owner of American football outfit New York Jets, but the move came too late to satisfy Uefa.
While Palace's position was that Textor did not have 'decisive influence' over the club, the deadline for shareholders to divest their interest in a club, or in some other way to alter their ownership structure, in order to comply with the regulations was March 1.
Top stories
Swipe. Select. Stay informed.
Singapore No entry: ICA to bar high-risk, undesirable travellers from boarding S'pore-bound ships, flights
Singapore 5 foreign women suspected of trafficking 27kg of cocaine nabbed in Changi Airport
Singapore Over half of job applications by retrenched Jetstar Asia staff led to offers or interviews: CEO
Singapore 17-member committee to drive roll-out of autonomous vehicles in Singapore
Business Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes
Singapore Underground pipe leak likely reason for water supply issues during Toa Payoh fire: Town council
Multimedia 60 years, 60 items: A National Day game challenge
Singapore 'Switching careers just as I became a dad was risky, but I had to do it for my family'
The London club appealed the decision, with a decision anticipated on Aug 11, three days after the CAS hearing.
Forest, who finished seventh in the Premier League, will replace Palace in the Europa League if their appeal fails.
'We are still fighting,' Palace chairman Steve Parish told The Rest is Football podcast. 'There's an appeal process, so we go to CAS which is the court for arbitration and, you know, we're very hopeful. We think we've got great legal arguments.
'We don't think this is the right decision by any means. We know unequivocally that John didn't have decisive influence over the club.
'We know we proved that beyond all reasonable doubt because it's a fact.'
Palace, who finished 12th in last season's EPL, had qualified for the Europa League by winning the FA Cup, while Lyon reached the competition by finishing sixth in Ligue 1. However, the French club were allowed to keep their place as they finished higher in their respective league.
In other news, newly-promoted Premier League team Burnley are offering their fans a virtual reality (VR) viewing experience, meaning they can enjoy being at the club's Turf Moor stadium from their room.
Fans who acquire special headsets will be able to take a virtual seat inside the stadium for their friendly on Aug 9 against Italian club Lazio, complete with match day commentary and in-stadium audio. REUTERS
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
40 minutes ago
- CNA
Dollar rises versus euro and yen before US economic data
The dollar edged up against the euro and the yen, but remained within striking distance of Friday's lows, after weak U.S. jobs data boosted bets on Federal Reserve rate cuts and triggered a sharp selloff in the greenback. Investors are awaiting services data from the Institute for Supply Management (ISM), which should show a mild improvement supporting the greenback. Goldman Sachs expects the Fed to deliver three consecutive 25 basis-point rate cuts starting in September, with a 50 basis-point move possible if the next jobs report shows a further rise in unemployment. It also sees the European Central Bank as having concluded its easing cycle. Economists raised their growth forecasts for the euro area and Japan following relatively benign trade agreements, while arguing that Friday's U.S. jobs report confirmed the economy is hovering near stall speed. Meanwhile the firing of the head of the Bureau of Labor Statistics (BLS) on Friday, and the resignation of Fed Governor Adriana Kugler, could harden the views of the FOMC to ensure its independence is protected, analysts said, recalling that the new appointee will be just one vote on the Fed's Federal Open Market Committee (FOMC). The euro was last down 0.25 per cent at $1.1544, after hitting on Friday $1.15855. The dollar index, which measures the U.S. currency against six counterparts, was up 0.30 per cent at 98.864, after touching a one-week low earlier in the session at 98.609. "Traders likely inferred that the (U.S. jobs) report gave President Donald Trump even more justification to 'fire' Jay Powell," said Thierry Wizman, global forex and rates strategist at Macquarie Group. "Alternatively, it gave Trump even more support for giving the Chairmanship to someone that would be more 'structurally' dovish," he added, arguing that Friday's employment report shifted the outlook for where the Fed Funds rate target will be one year from now. Sterling edged higher against the dollar, as traders expect the Bank of England to maintain its rate guidance at this week's policy meeting. It was last up 0.05 per cent at $1.3291. RATE CUTS Money markets are now pricing in a 92 per cent chance of the Fed cutting rates in its next meeting in September, compared with 63 per cent a week earlier. They also indicate 130 bps of rate cuts by October 2026, 30 bps more than the levels seen on Friday before U.S. jobs data. The Japanese yen was down 0.34 per cent at 147.6 per dollar after minutes of its June policy meeting showed a few Bank of Japan board members said the central bank would consider resuming interest rate increases if trade frictions de-escalate. "The pressure to hike (rates) could also come from a wish to help support and stabilise the Japanese government bonds (JGB) market," said Derek Halpenny, head of research global markets at MUFG, mentioning a weak outcome of a JGBs auction. "But JGB market instability remains a downside risk for the yen," he added. The focus remains on tariff uncertainties, after the latest duties imposed on imports from scores of countries last week by Trump stoked worries about the health of the global economy. The 15 per cent tariff that European Union goods face when entering the U.s. is all-inclusive, a senior EU official said on Tuesday. The Swiss franc extended losses for a second day, weakening 0.25 per cent to 0.8103 per dollar after dropping 0.5 per cent in the previous session. However it was still above the levels seen before Friday's economic figures, at around 0.8128. Switzerland is looking to make a "more attractive offer" in trade talks with Washington, to avert a 39 per cent U.S. import tariff on Swiss goods that threatens its export-driven economy.
Straits Times
an hour ago
- Straits Times
Moldova's pro-Kremlin regional leader jailed in election fraud case
Sign up now: Get ST's newsletters delivered to your inbox Leader of Moldova's Gagauzia autonomous region Eugenia Gutul (Yevgenia Gutsul), who is accused of corruption and involvement in financing a pro-Russian electoral bloc, attends a court hearing in Chisinau, Moldova August 5, 2025. REUTERS/Vladislav Culiomza CHISINAU - A Moldovan court sentenced pro-Kremlin regional leader Evgenia Gutul on Tuesday to seven years in jail for channelling money from Russia to finance a political party. Gutul, who has strongly criticised Moldova's current pro-European government and has occasionally visited Moscow to meet top officials, denied any wrongdoing. She has been placed on the EU and U.S. sanctions lists on suspicion of destabilising Moldova. Prosecutors say Gutul systematically channelled undeclared funds into Moldova from 2019-2022 to finance the now-banned pro-Moscow "Shor" party set up by Ilan Shor, an exiled pro-Russian businessman who has been convicted of fraud in Moldova. The prosecutors had been seeking a nine-year jail sentence for Gutul. The Kremlin condemned the sentence as politically motivated and accused Moldova of trampling on democracy. More than 100 people gathered in front of the court in the Moldovan capital Chisinau to support Gutul, the leader of Gagauzia, a small autonomous region whose 140,000 residents are mainly ethnic Turks. The crowd demanded freedom for Gutul, chanting "Shame" and criticising the government. Top stories Swipe. Select. Stay informed. Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Beauty industry consumers hit by 464% rise in prepayment losses in first half of 2025 Singapore Doctor hounds ex-girlfriend, threatens to share her intimate photos, abducts her from public street Singapore 13 taken to hospital after accident involving SBS buses, car in Tampines Singapore New cargo handling centre at Changi Airport reduces processing time; test bed for future T5 ops Singapore 60 lactation pods to be set up in public spaces by Q1 2026 for breastfeeding mothers Life Urinary issues: Enlarged prostate affects half of men in their 50s and up Singapore Elderly man charged after he allegedly molested, performed sex act on 'vulnerable' man The sentence can be appealed. REUTERS
Straits Times
an hour ago
- Straits Times
Bali trial opens for American man accused of drug distribution
Sign up now: Get ST's newsletters delivered to your inbox William Wallace Molyneaux, 27, was arrested in May, and accused of carrying seven packages containing 99 pills of amphetamine. DENPASAR - An American man accused of drug distribution on Indonesia's popular island of Bali appeared in court on Aug 5 on the opening day of his trial, facing up to 15 years in prison if convicted under the country's tough narcotics laws. William Wallace Molyneaux, 27, was arrested in May, accused of carrying seven packages containing 99 pills of amphetamine, Bali's narcotics agency said. He had multiple charges levelled against him including distributing drugs, which carries the maximum penalty of death by execution. But prosecutors said on Aug 5 they sought a charge of drug distribution of an amount under 5g, which carries a maximum sentence of 15 years. They also sought a lesser, separate charge of possession of under 5g of the drug, which carries a maximum sentence of 12 years in prison. The American national appeared in a suit at a court in Bali's provincial capital Denpasar, speaking to confirm his identity, and that he is a Christian from Florida. A verdict was not expected until a later hearing. Top stories Swipe. Select. Stay informed. Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore 60 lactation pods to be set up in public spaces by Q1 2026 for breastfeeding mothers Singapore Beauty industry consumers hit by 464% rise in prepayment losses in first half of 2025 Singapore 13 taken to hospital after accident involving SBS buses, car in Tampines Singapore New cargo handling centre at Changi Airport reduces processing time; test bed for future T5 ops Life Urinary issues: Enlarged prostate affects half of men in their 50s and up Singapore Elderly man charged after he allegedly molested, performed sex act on 'vulnerable' man The US embassy in Jakarta declined to comment. Indonesia hands out severe punishments for drug smuggling and has previously executed foreigners, but has upheld a moratorium on the death sentence since 2017. Indonesian President Prabowo Subianto's administration has moved in recent months to repatriate several high-profile inmates, all sentenced for drug offences, back to their home countries. Frenchman Serge Atlaoui returned to France in February after Jakarta and Paris agreed a deal to repatriate him on 'humanitarian grounds' because he was ill. In December, Indonesia took Mary Jane Veloso off death row and returned her to the Philippines . It also sent the five remaining members of the 'Bali Nine' drug ring, who were serving heavy prison sentences, back to Australia. AFP
