Latest news with #Parish
Forbes
4 hours ago
- Business
- Forbes
Billionaire Co-Owner Of New York Jets Completes Purchase Of Crystal Palace F.C.
Chairman Steve Parish celebrates Crystal Palace's FA Cup win at Wembley Stadium on May 17, 2025 in ... More London. (Photo by) Robert 'Woody' Johnson has completed his purchase of a 43% stake in Crystal Palace from Eagle Football Holdings, the south London club confirmed on Thursday. The 78-year-old billionaire said he was honored and privileged to be joining the ownership group of Crystal Palace. 'It is an organization with a proud history, tradition, and deep roots in English football in south London, which I came to admire during my time as U.S. ambassador to the United Kingdom,' he said. 'This is more than an investment - it's a commitment to realizing the vision for the club, the community, and the culture around Selhurst Park.' he added. Johnson served as the U.S. ambassador to the U.K. during Donald Trump's first term as President. As the heir to the health products giant Johnson & Johnson, he has a net worth of $3.5 billion, according to the World's Real-Time Billionaires ranking. Johnson joins Steve Parish, the club's chairman, and fellow Americans Josh Harris and David Blitzer on the board of Crystal Palace. Parish said, 'At this exciting time for Crystal Palace, we are delighted to be welcoming Woody to the ownership of the football club, and we very much look forward to working alongside him to build on our historic recent success moving forwards.' Johnson's investment in Palace comes at A time when the club is waging a campaign to overturn UEFA's decision to eject them from the Europa League for breaching the European governing body's rules on multi-club ownership. Eagle Football, the investment vehicle of John Textor, also owns a 77% stake in in French club Lyon, who had also qualified for the same competition. Lyon takes precedence over Palace because of their higher league finish. The seven-time French champions were sixth in Ligue 1, whereas Palace was 12th in the Premier League. Palace have instead been demoted to the Conference League, and Nottingham Forest have taken their place in the Europa League. Palace have submitted an appeal with the Court of Arbitration for Sport (CAS) against their demotion. The club have lodged their appeal against UEFA, Lyon and Nottingham Forest. CAS is expected to make its decision on the case on or before August 11. UEFA's decision to strip Palace of its place in the Europa League was 'the most ridiculous technicality you could ever imagine,' Parish had said to Sky News earlier. And he later said that he was "very hopeful" UEFA's decision would be overturned. 'We don't think this is the right decision by any means,' Parish told The Rest is Football podcast. 'We know unequivocally that John [Textor] didn't have decisive influence over the club. We know we proved that beyond all reasonable doubt because it's a fact.' Earlier this week, Crystal Palace supporters traveled to UEFA's headquarters in Switzerland to protest the governing body's decision. The Holmesdale Fanatics, an ultras-style supporters' group, said that they delivered a letter to UEFA President Aleksander Ceferin to demand that Palace be reinstated into the Europa League. They also delivered a suitcase filled with fake money as a means of illustrating 'the contradictions between their supposed 'fundamental values' of integrity and fairness, and the reality of their business methods and general conduct.' New York Jets owner Woody Johnson speaks at the press conference in New Jersey. (Photo by Ed ...)
The Irish Sun
16-07-2025
- Business
- The Irish Sun
‘It's a fact' – Crystal Palace owner Steve Parish gives major update on Eagles being kicked out of Europa League
CRYSTAL PALACE will appeal Uefa's decision to remove them from the Europa League next season. The Eagles earned a spot in Europe's second tier following their 1-0 FA Cup final victory over Manchester City in May - however last week they were officially banned and relegated to the Conference League. Advertisement 3 Parish says Palace will mount a legal challenge against the decision Credit: Getty 3 Palace fans have protested against Uefa's rulings on Tuesday evening Credit: Getty 3 Their FA Cup victory has been marred by the controversy Credit: PA At the time of the final, now-former Palace co-owner John Textor held stakes in both the south London club and Lyon, who are in the Europa League next season after finishing sixth and Ligue 1 . Eagles fans have already begun Speaking on 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. Advertisement Read more 'We know we proved that beyond all reasonable doubt because it's a fact.' Uefa rules state 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 dispute that Textor did not have sufficient enough control. As it stands, Palace will be replaced in the Europa League by Nottingham Forest , who finished seventh last term. Forest will be £3.9million better off as a result of the decision. Advertisement Most read in Football Exclusive Exclusive BEST ONLINE CASINOS - TOP SITES IN THE UK Parish continued: 'We feel that there are a lot of very genuine mitigating circumstances and more than enough wriggle room to put us in the competition. 'It does look bad. This is the dream right? This is what keeps football alive. Crystal Palace fans protest against Europa League demotion 'This is why everybody goes, because they think one day they might win a cup and they might qualify for Europe . Advertisement 'These things can be defining moments for a club and completely change the course of history forever. 'Hopefully when we go to CAS we get the right answer. 'We get the written version of (the ruling) with the detail then apparently the appeal is 10 days.' In a statement, Uefa said its Club Financial Control Body confirmed the decision by French financial chiefs had cleared Lyon's path to take up their place in the Europa League. Advertisement The governing body said: 'Consequently, the CFCB pursued the assessment of the documentation submitted by Lyons and 'For this reason the CFCB First Chamber decided: To accept Lyons' admission to the 2025/26 Europa League. 'And to reject Crystal Palace's admission to the 2025/26 Uefa Europa League and to accept Crystal Palace's admission to the 2025/26 Uefa Conference League.'
Scottish Sun
16-07-2025
- Business
- Scottish Sun
‘It's a fact' – Crystal Palace owner Steve Parish gives major update on Eagles being kicked out of Europa League
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) CRYSTAL PALACE will appeal Uefa's decision to remove them from the Europa League next season. The Eagles earned a spot in Europe's second tier following their 1-0 FA Cup final victory over Manchester City in May - however last week they were officially banned and relegated to the Conference League. 3 Parish says Palace will mount a legal challenge against the decision Credit: Getty 3 Palace fans have protested against Uefa's rulings on Tuesday evening Credit: Getty 3 Their FA Cup victory has been marred by the controversy Credit: PA At the time of the final, now-former Palace co-owner John Textor held stakes in both the south London club and Lyon, who are in the Europa League next season after finishing sixth and winning an appeal to avoid relegation from Ligue 1. Eagles fans have already begun protesting the decision. Now, owner Steve Parish says the club isn't backing down either. Speaking on The Rest is Football podcast, Parish said: 'We are still fighting. There's an appeal process, so we go to CAS (Court of Arbitration for Sport) 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. Read more BLUES RINSE Chelsea want to flog more than TEN players with Felix and Nkunku on scrapheap 'We know we proved that beyond all reasonable doubt because it's a fact.' Uefa rules state 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 dispute that Textor did not have sufficient enough control. As it stands, Palace will be replaced in the Europa League by Nottingham Forest, who finished seventh last term. Forest will be £3.9million better off as a result of the decision. BEST ONLINE CASINOS - TOP SITES IN THE UK Parish continued: 'We feel that there are a lot of very genuine mitigating circumstances and more than enough wriggle room to put us in the competition. 'It does look bad. This is the dream right? This is what keeps football alive. Crystal Palace fans protest against Europa League demotion 'This is why everybody goes, because they think one day they might win a cup and they might qualify for Europe. 'These things can be defining moments for a club and completely change the course of history forever. 'Hopefully when we go to CAS we get the right answer. 'We get the written version of (the ruling) with the detail then apparently the appeal is 10 days.' In a statement, Uefa said its Club Financial Control Body confirmed the decision by French financial chiefs had cleared Lyon's path to take up their place in the Europa League. The governing body said: 'Consequently, the CFCB pursued the assessment of the documentation submitted by Lyons and Crystal Palace and concluded that the clubs breached, as at 1 March 2025, the multi-club ownership criteria foreseen in Art 5.01 of the Uefa Club Competition Regulations. 'For this reason the CFCB First Chamber decided: To accept Lyons' admission to the 2025/26 Europa League. 'And to reject Crystal Palace's admission to the 2025/26 Uefa Europa League and to accept Crystal Palace's admission to the 2025/26 Uefa Conference League.'
The National
16-07-2025
- Business
- The National
Parish says Crystal Palace will appeal against Europa League exclusion
The FA Cup winners have been demoted to the Conference League owing to what Europe's governing body says is a conflict of interest regarding former director and co-owner John Textor, who also owns part of Ligue 1 side Lyon. The American stepped away from Palace at the start of July, but the ownership issue relates to the end of last season when the club secured a first European appearance by beating Manchester City at Wembley. Crystal Palace fans have protested against UEFA's ruling (Yui Mok/PA). UEFA's ruling would mean Nottingham Forest, who finished seventh in the Premier League, taking Palace's place in the Europa League. 'We are still fighting,' Parish told the 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.' 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's position throughout has been that Textor, who had previously spoken publicly about his frustration over the lack of influence he was able to exert at Selhurst Park, did not have a sufficiently controlling role for the club to fall foul of the regulations. 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. Forest, who stand to gain from the ruling, were at risk of being in a similar situation but their owner Evangelos Marinakis – who also owns Greek side Olympiacos – placed his shares in a blind trust ahead of the deadline in anticipation of the club qualifying for Europe. 'We feel that there are a lot of very genuine mitigating circumstances and more than enough wriggle room to put us in the competition,' said Parish. Evangelos Marinakis owns both Nottingham Forest and Olympiacos (Mike Egerton/PA) 'It does look bad. This is the dream right? This is what keeps football alive. This is why everybody goes, because they think one day they might win a cup and they might qualify for Europe. 'These things can be defining moments for a club and completely change the course of history forever. 'Hopefully when we go to CAS we get the right answer. 'We get the written version of (the ruling) with the detail then apparently the appeal is 10 days'
The Herald Scotland
16-07-2025
- Business
- The Herald Scotland
Parish says Crystal Palace will appeal against Europa League exclusion
The American stepped away from Palace at the start of July, but the ownership issue relates to the end of last season when the club secured a first European appearance by beating Manchester City at Wembley. Crystal Palace fans have protested against UEFA's ruling (Yui Mok/PA). UEFA's ruling would mean Nottingham Forest, who finished seventh in the Premier League, taking Palace's place in the Europa League. 'We are still fighting,' Parish told the 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.' 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's position throughout has been that Textor, who had previously spoken publicly about his frustration over the lack of influence he was able to exert at Selhurst Park, did not have a sufficiently controlling role for the club to fall foul of the regulations. 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. Forest, who stand to gain from the ruling, were at risk of being in a similar situation but their owner Evangelos Marinakis – who also owns Greek side Olympiacos – placed his shares in a blind trust ahead of the deadline in anticipation of the club qualifying for Europe. 'We feel that there are a lot of very genuine mitigating circumstances and more than enough wriggle room to put us in the competition,' said Parish. Evangelos Marinakis owns both Nottingham Forest and Olympiacos (Mike Egerton/PA) 'It does look bad. This is the dream right? This is what keeps football alive. This is why everybody goes, because they think one day they might win a cup and they might qualify for Europe. 'These things can be defining moments for a club and completely change the course of history forever. 'Hopefully when we go to CAS we get the right answer. 'We get the written version of (the ruling) with the detail then apparently the appeal is 10 days'
