Latest news with #Textor
Scottish Sun
13 hours ago
- Business
- Scottish Sun
Crystal Palace likely to be handed never-before-seen Uefa penalty if Lyon win appeal against relegation
EAGLES SIGHED Crystal Palace likely to be handed never-before-seen Uefa penalty if Lyon win appeal against relegation CRYSTAL PALACE face a unique penalty if Lyon win their appeal against relegation. The Eagles' Europa League place for winning the FA Cup is under threat due to Uefa's multi-club ownership rules. 4 Crystal Palace still hope they can compete in the Europa League Credit: Getty 4 John Textor's role in both Palace and Lyon is the big issue Credit: AFP John Textor is selling his 43 per cent share in Palace to New York Jets owner Woody Johnson and also owns Lyon through his Eagle Football group. And if the French club are successful with their appeal, Palace are likely to be demoted to the Conference League. Eagles' chiefs have been in talks with Uefa's Club Financial Control Body to argue their case and expected a resolution this week. But Uefa have put their decision on ice awaiting an outcome from Lyon's appeal. READ MORE CRYSTAL PALACE NEWS CRYSTAL BALL Uefa POSTPONE decision on Crystal Palace's Europa League fate indefinitely The Eagles have argued that Textor had no effective control at Palace and that there were no links to Lyon. He has sold his stake at Selhurst Park and resigned his post in France amid the club's financial trouble, but Uefa are yet to make a decision. But that might not satisfy Uefa's Club Financial Control Body (CFCB) as it's understood Textor did not give up his stake by the March 1 deadline. In a statement on Monday, Uefa said: "The CFCB First Chamber has decided to postpone its assessment of the multi-club ownership case involving Olympique Lyonnais and Crystal Palace. 4 The Eagles qualified for the Europa League by stunning Manchester City with a 1-0 FA Cup final victory at Wembley in May Credit: Getty BEST ONLINE CASINOS - TOP SITES IN THE UK "This postponement relates to Olympique Lyonnais' compliance with the settlement agreement concluded with the CFCB First Chamber for its breach of the financial sustainability requirements. "As part of this settlement, Olympique Lyonnais agreed on an exclusion from the 2025/26 UEFA club competitions should the French authority (DNCG) confirm the club's relegation to Ligue 2. Crystal Palace could be KICKED OUT of Europa League before a ball is even kicked "Further details on this multi-club ownership case and this settlement agreement will be communicated in due course." Textor's issues at Lyon saw the seven-time French champions relegated to Ligue 2. The American responded to that punishment by resigning his position as president. Textor - who tried to buy Everton last year - explained his decision to go in a statement. He also confirmed his interest in buying another English club following the Palace sale. Textor said: 'On a personal level, I am truly looking forward to the reduction of my day-to-day management responsibilities in Europe, so I can focus on markets where we have the full freedom to run our football clubs…to invest, innovate, grow and compete. "I will focus on Botafogo, Daring Brussels and our next club in England.' Lyon have appealed against the relegation but will forfeit their place in Europe should they fail.
The Irish Sun
13 hours ago
- Business
- The Irish Sun
Crystal Palace likely to be handed never-before-seen Uefa penalty if Lyon win appeal against relegation
CRYSTAL PALACE face a unique penalty if Lyon win their appeal against relegation. 4 Crystal Palace still hope they can compete in the Europa League Credit: Getty 4 John Textor's role in both Palace and Lyon is the big issue Credit: AFP And if the French club are successful with their appeal, Palace are likely to be demoted to the Conference League. Eagles' chiefs have been in talks with Uefa's Club Financial Control Body to argue their case and expected a resolution this week. But Uefa have put their decision on ice awaiting an outcome from Lyon's appeal. READ MORE CRYSTAL PALACE NEWS The Eagles have argued that He has sold his stake at Selhurst Park and resigned his post in France amid the club's financial trouble, but Uefa are yet to make a decision. But that might not satisfy Uefa's Club Financial Control Body (CFCB) as it's understood Textor did not give up his stake by the March 1 deadline. In a statement on Monday, Uefa said: "The CFCB First Chamber has decided to postpone its assessment of the multi-club ownership case involving Olympique Lyonnais and Crystal Palace. Most read in Football 4 The Eagles qualified for the Europa League by stunning Manchester City with a 1-0 FA Cup final victory at Wembley in May Credit: Getty BEST ONLINE CASINOS - TOP SITES IN THE UK "This postponement relates to Olympique Lyonnais' compliance with the settlement agreement concluded with the CFCB First Chamber for its breach of the financial sustainability requirements. "As part of this settlement, Olympique Lyonnais agreed on an exclusion from the 2025/26 UEFA club competitions should the French authority (DNCG) confirm the club's relegation to Ligue 2. Crystal Palace could be KICKED OUT of Europa League before a ball is even kicked "Further details on this multi-club ownership case and this settlement agreement will be communicated in due course." Textor's issues at Lyon saw the seven-time French champions The American responded to that punishment by resigning his position as president. Textor - who tried to buy Everton last year - explained his decision to go in a statement. He also confirmed his interest in buying another English club following the Palace sale. Textor said: 'On a personal level, I am truly looking forward to the reduction of my day-to-day management responsibilities in Europe, so I can focus on markets where we have the full freedom to run our football clubs…to invest, innovate, grow and compete. "I will focus on Botafogo, Daring Brussels and our next club in England.' Lyon have appealed against the relegation but will forfeit their place in Europe should they fail. 4 LONDON, ENGLAND – MAY 20: General view inside the stadium ahead of the Premier League match between Crystal Palace FC and Wolverhampton Wanderers FC at Selhurst Park on May 20, 2025 in London, England. (Photo by Wolverhampton Wanderers FC/Wolves via Getty Images) Credit: Getty
Yahoo
14 hours ago
- Business
- Yahoo
Botafogo sacks coach Paiva after Club World Cup elimination
RIO DE JANEIRO (AP) — Botafogo sacked coach Renato Paiva on Monday, 48 hours after they were eliminated in the Club World Cup by Brazilian rival Palmeiras. The Portuguese held the job for only four months but won Botafogo's first Copa Libertadores title. Advertisement Botafogo said Paiva was informed on Sunday night. Brazilian media say Botafogo chief John Textor made the decision because he wanted a more aggressive performance from the team in the 1-0 defeat to Palmeiras on Saturday in the round of 16. TV Globo reported Paiva told Botafogo staffers that Textor was trying to interfere in his team selections, which the U.S. businessman denies. Only 10 days ago, Botafogo beat Champions League titleholder Paris Saint-Germain 1-0, and Textor celebrated on the pitch with the 55-year-old Paiva. Earlier, Textor relinquished his role as president of seven-time French champion Lyon to American businesswoman Michele Kang. Textor resigned following the club's relegation over financial irregularities. Advertisement Textor has also resigned from Lyon's board of directors. He became Lyon president three years ago, taking over from longstanding incumbent Jean-Michel Aulas, who sold to Textor's Eagle Football Holdings after 35 years in charge. ___ AP soccer: The Associated Press
San Francisco Chronicle
14 hours ago
- Business
- San Francisco Chronicle
Botafogo sacks coach Paiva after Club World Cup elimination
RIO DE JANEIRO (AP) — Botafogo sacked coach Renato Paiva on Monday, 48 hours after they were eliminated in the Club World Cup by Brazilian rival Palmeiras. The Portuguese held the job for only four months but won Botafogo's first Copa Libertadores title. Botafogo said Paiva was informed on Sunday night. Brazilian media say Botafogo chief John Textor made the decision because he wanted a more aggressive performance from the team in the 1-0 defeat to Palmeiras on Saturday in the round of 16. TV Globo reported Paiva told Botafogo staffers that Textor was trying to interfere in his team selections, which the U.S. businessman denies. Only 10 days ago, Botafogo beat Champions League titleholder Paris Saint-Germain 1-0, and Textor celebrated on the pitch with the 55-year-old Paiva. Earlier, Textor relinquished his role as president of seven-time French champion Lyon to American businesswoman Michele Kang. Textor resigned following the club's relegation over financial irregularities. Textor has also resigned from Lyon's board of directors. He became Lyon president three years ago, taking over from longstanding incumbent Jean-Michel Aulas, who sold to Textor's Eagle Football Holdings after 35 years in charge. ___
Winnipeg Free Press
15 hours ago
- Business
- Winnipeg Free Press
Botafogo sacks coach Paiva after Club World Cup elimination
RIO DE JANEIRO (AP) — Botafogo sacked coach Renato Paiva on Monday, 48 hours after they were eliminated in the Club World Cup by Brazilian rival Palmeiras. The Portuguese held the job for only four months but won Botafogo's first Copa Libertadores title. Botafogo said Paiva was informed on Sunday night. Brazilian media say Botafogo chief John Textor made the decision because he wanted a more aggressive performance from the team in the 1-0 defeat to Palmeiras on Saturday in the round of 16. TV Globo reported Paiva told Botafogo staffers that Textor was trying to interfere in his team selections, which the U.S. businessman denies. Only 10 days ago, Botafogo beat Champions League titleholder Paris Saint-Germain 1-0, and Textor celebrated on the pitch with the 55-year-old Paiva. Earlier, Textor relinquished his role as president of seven-time French champion Lyon to American businesswoman Michele Kang. Textor resigned following the club's relegation over financial irregularities. Textor has also resigned from Lyon's board of directors. He became Lyon president three years ago, taking over from longstanding incumbent Jean-Michel Aulas, who sold to Textor's Eagle Football Holdings after 35 years in charge. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. ___ AP soccer:
