Latest news with #DavidBlitzer
Yahoo
12-07-2025
- Business
- Yahoo
Sporticast 465: The Tour de France Is Back
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including new financial details about the recent sale of Real Salt Lake and the Utah Royals. According to a recent Sportico story, the $580 million deal assigned the NWSL team a $100 million valuation. That's a significant jump from the roughly $2 million that the team's previous owner, David Blitzer, paid to reactivate the team as an expansion franchise just a few years prior. Blitzer may not have made a sizable return on his investment in the MLS club, but the NWSL club was almost certainly a profitable transaction. Advertisement More from Next the hosts talk about the Tour de France. One of pro cycling's most prominent French teams announced this week that it would change ownership for the 2026 season. The deal was announced during the biggest race on the annual cycling calendar. The hosts talk about the economics of cycling teams and the way in which French labor law makes riders more expensive for teams based in France. Next they react to this week's Penn State men's hockey news. The program was a club team 15 years ago; this season it made its first Frozen Four appearance, and the Nittany Lions just landed Gavin McKenna, the biggest recruit in college hockey. McKenna is expected to be taken No. 1 overall in next year's NHL draft, and his decision to go to Penn State reflects the rise of NIL money across the NCAA, a new change in NCAA hockey eligibility rules, and the rapid rise of PSU's program. They close by talking through a handful of other topics. They include BYU freshman basketball phenom AJ Dybantsa signing a new partnership with Fanatics, and FIFA opening a new New York office in Trump Tower, the latest example of the global soccer governing body seeking a cozy relationship with the current U.S. president. Advertisement (You can subscribe to Sporticast through Apple, Google, Spotify, YouTube, or wherever else you get your podcasts.) Sign up for Sportico's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Qatar Tribune
09-07-2025
- Business
- Qatar Tribune
Lyon win appeal against relegation, Palace's Europe hopes in danger
PA Media/dpa London Lyon have won their appeal against relegation to the French second division, a decision which puts Crystal Palace's participation in next season's Europa League in major doubt. Palace thought they had secured a place in Europe's second-tier club competition thanks to their FA Cup final win over Manchester City in May but uncertainty quickly arose as to whether they would be allowed to enter due to UEFA's multi-club ownership rules. Outgoing Palace shareholder John Textor has an interest in French club Lyon, who qualified for the same competition. Lyon had reached a settlement with UEFA agreeing to be excluded from European competitions next season if their relegation was confirmed on appeal, a move which would almost certainly have meant Palace could play in the Europa League. However, Lyon's success and higher league position means Palace are set to be moved down to the Conference League. Sources close to UEFA had previously indicated that Nottingham Forest would take the English spot in the Europa League vacated by Palace. Lyon said in a statement: 'Today's decision is the first step in restoring confidence in Olympique Lyonnais and we now return our focus to creating success on the pitch, ready for next season.' UEFA said on June 30 it was postponing a decision in the case pending the outcome of Lyon's appeal hearing. UEFA has been approached for comment regarding the outcome of the Lyon appeal. Sources close to UEFA on June 30 indicated that no multi-club ownership issue had been identified with regard to Palace shareholder David Blitzer's involvement with Danish side Brondby, who have also qualified for the Conference League, which means the London club should face no barrier in entering UEFA's third-tier club competition. Palace and Forest have also been contacted for comment, though it is expected the clubs will wait until UEFA issues a statement on the case. The PA news agency understands no date has been set for a final ruling on Lyon and Palace by UEFA's club financial control body, but it is expected later this week or the beginning of next week at the latest. Palace's case has been examined under article five of UEFA's club competition regulations, which state that as of March 1 this year, clubs wishing to be eligible for qualification in 2025-26 had to be able to demonstrate that no individual or legal entity had control or influence over more than one club participating in the same competition. Where two or more clubs fail to meet the criteria, only one can be entered.
Rhyl Journal
09-07-2025
- Business
- Rhyl Journal
Lyon win appeal against relegation as Palace's European place put in major doubt
Palace thought they had secured a place in Europe's second-tier club competition thanks to their FA Cup final win over Manchester City in May but uncertainty quickly arose as to whether they would be allowed to enter due to UEFA's multi-club ownership rules. Outgoing Palace shareholder John Textor has an interest in French club Lyon, who qualified for the same competition. Lyon had reached a settlement with UEFA agreeing to be excluded from European competitions next season if their relegation was confirmed on appeal, a move which would almost certainly have meant Palace could play in the Europa League. Nous restons en Ligue 1 🔴🔵 L'Olympique Lyonnais se félicite de la décision, rendue ce jour par la DNCG, de maintenir le Club en Ligue 1. — Olympique Lyonnais (@OL) July 9, 2025 However, Lyon's success and higher league position means Palace are set to be moved down to the Conference League. Sources close to UEFA had previously indicated that Nottingham Forest would take the English spot in the Europa League vacated by Palace. Lyon said in a statement: 'Today's decision is the first step in restoring confidence in Olympique Lyonnais and we now return our focus to creating success on the pitch, ready for next season.' UEFA said on June 30 it was postponing a decision in the case pending the outcome of Lyon's appeal hearing. UEFA has been approached for comment regarding the outcome of the Lyon appeal. Sources close to UEFA on June 30 indicated that no multi-club ownership issue had been identified with regard to Palace shareholder David Blitzer's involvement with Danish side Brondby, who have also qualified for the Conference League, which means the London club should face no barrier in entering UEFA's third-tier club competition. Palace and Forest have also been contacted for comment, although it is expected the clubs will wait until UEFA issues a statement on the case. The PA news agency understands no date has been set for a final ruling on Lyon and Palace by UEFA's club financial control body, but it is expected later this week or the beginning of next week at the latest. Palace's case has been examined under article five of UEFA's club competition regulations, which state that as of March 1 this year, clubs wishing to be eligible for qualification in 2025-26 had to be able to demonstrate that no individual or legal entity had control or influence over more than one club participating in the same competition. Where two or more clubs fail to meet the criteria, only one can be entered.
RTÉ News
09-07-2025
- Business
- RTÉ News
Crystal Palace set to suffer as Lyon relegation is overturned
Lyon have won their appeal against relegation to the French second division, a decision which puts Crystal Palace's participation in next season's Europa League in major doubt. Palace thought they had secured a place in Europe's second-tier club competition thanks to their FA Cup final win over Manchester City in May but uncertainty quickly arose as to whether they would be allowed to enter due to UEFA's multi-club ownership rules. Outgoing Palace shareholder John Textor has an interest in French club Lyon, who qualified for the same competition. Lyon had reached a settlement with UEFA agreeing to be excluded from European competitions next season if their relegation was confirmed on appeal, a move which would almost certainly have meant Palace could play in the Europa League. However, Lyon's success and higher league position means Palace are set to be moved down to the Conference League. Sources close to UEFA had previously indicated that Nottingham Forest would take the English spot in the Europa League vacated by Palace. Lyon said in a statement: "Today's decision is the first step in restoring confidence in Olympique Lyonnais and we now return our focus to creating success on the pitch, ready for next season." UEFA said on June 30 it was postponing a decision in the case pending the outcome of Lyon's appeal hearing. Sources close to UEFA on June 30 indicated that no multi-club ownership issue had been identified with regard to Palace shareholder David Blitzer's involvement with Danish side Brondby, who have also qualified for the Conference League, which means the London club should face no barrier in entering UEFA's third-tier club competition. Palace and Forest have also been contacted for comment, though it is expected the clubs will wait until UEFA issues a statement on the case.
Leader Live
09-07-2025
- Business
- Leader Live
Lyon win appeal against relegation as Palace's European place put in major doubt
Palace thought they had secured a place in Europe's second-tier club competition thanks to their FA Cup final win over Manchester City in May but uncertainty quickly arose as to whether they would be allowed to enter due to UEFA's multi-club ownership rules. Outgoing Palace shareholder John Textor has an interest in French club Lyon, who qualified for the same competition. Lyon had reached a settlement with UEFA agreeing to be excluded from European competitions next season if their relegation was confirmed on appeal, a move which would almost certainly have meant Palace could play in the Europa League. Nous restons en Ligue 1 🔴🔵 L'Olympique Lyonnais se félicite de la décision, rendue ce jour par la DNCG, de maintenir le Club en Ligue 1. — Olympique Lyonnais (@OL) July 9, 2025 However, Lyon's success and higher league position means Palace are set to be moved down to the Conference League. Sources close to UEFA had previously indicated that Nottingham Forest would take the English spot in the Europa League vacated by Palace. Lyon said in a statement: 'Today's decision is the first step in restoring confidence in Olympique Lyonnais and we now return our focus to creating success on the pitch, ready for next season.' UEFA said on June 30 it was postponing a decision in the case pending the outcome of Lyon's appeal hearing. UEFA has been approached for comment regarding the outcome of the Lyon appeal. Sources close to UEFA on June 30 indicated that no multi-club ownership issue had been identified with regard to Palace shareholder David Blitzer's involvement with Danish side Brondby, who have also qualified for the Conference League, which means the London club should face no barrier in entering UEFA's third-tier club competition. Palace and Forest have also been contacted for comment, although it is expected the clubs will wait until UEFA issues a statement on the case. The PA news agency understands no date has been set for a final ruling on Lyon and Palace by UEFA's club financial control body, but it is expected later this week or the beginning of next week at the latest. Palace's case has been examined under article five of UEFA's club competition regulations, which state that as of March 1 this year, clubs wishing to be eligible for qualification in 2025-26 had to be able to demonstrate that no individual or legal entity had control or influence over more than one club participating in the same competition. Where two or more clubs fail to meet the criteria, only one can be entered.
