Latest news with #multiClubOwnership
BBC News
8 hours ago
- Business
- BBC News
Palace 'dismayed' by Uefa's decision
Crystal Palace say they "are extremely dismayed by Uefa's decision to exclude the club from the Europa League."The Eagles were ordered on Friday to compete in the Conference League by Uefa for breaching multi-club ownership Forest, who finished seventh in the Premier League last season, could replace FA Cup winners Palace in the Europa a statement, the club said: "It's clear for everyone to see that we are not part of a multi-club operation and never have been. Further with the completion of the sale of Eagles's football's shareholding to Woody Johnson there will be zero possibility of conflict of interest once the competition begins. "We will continue to press our case and work with Uefa to achieve the fair and just outcome so that we may take our rightful place in the Europa League, as well as taking legal advice to consider our options, including an appeal to the Court of Arbitration for Sport."
Yahoo
a day ago
- Business
- Yahoo
Crystal Palace moved from Europa League to Conference League
UEFA has sent Crystal Palace to the Conference League due to its rules on multi-club ownership. Palace qualified for the Europa League with their upset win over Manchester City in the FA Cup, but part-owner John Textor also owns shares in fellow Europa League qualifier Olympique Lyon of France. Advertisement UEFA rules say two clubs with the same owners cannot be entered in the same competition. Textor has since sold his shares in Palace, while Lyon has kept its status in both Ligue 1 and the Europa League. The South London club is expected appeal the decision to the Court of Arbitration for Sport. More to come... UEFA's full statement on Crystal Palace in the Conference League (from The CFCB First Chamber had opened proceedings against Crystal Palace and Olympique Lyonnais due to a potential conflict with the multi-club ownership rule provided for in Article 5 of the UEFA Club Competitions Regulations. Advertisement On 9 July 2025, the appeal instance of the French financial control authority (DNCG) decided not to relegate Olympique Lyonnais to Ligue 2. Consequently, and following an assessment by the CFCB of all the other relevant conditions included in the settlement agreement, Olympique Lyonnais will not be excluded from the 2025/26 UEFA club competitions (see media release of 30 June 2025). Consequently, the CFCB First Chamber pursued the assessment of the documentation submitted by Olympique Lyonnais 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, and in accordance with the provisions set in Art. 5.02, 5.03 and 5.04 of the UEFA Club Competitions Regulations, the CFCB First Chamber decided: • To accept Olympique Lyonnais' admission to the 2025/26 UEFA 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 present decision may be appealed against before the Court of Arbitration for Sport, in accordance with Articles 62 and 63 of the UEFA Statutes.
CNA
30-06-2025
- Business
- CNA
UEFA await Lyon relegation appeal before Palace Europa League decision
UEFA has decided to postpone its assessment of the multi-club ownership case involving Olympique Lyonnais and Crystal Palace until the French club's relegation has been confirmed, European football's governing body said on Monday. The multi-club ownership regulations do not allow clubs under the same ownership compete in the same European competition, and American businessman John Textor holds a stake in both Palace and Lyon. Palace qualified for the Europa League by winning the FA Cup last season while Lyon reached the competition by finishing sixth in Ligue 1 but have since been relegated to Ligue 2 by French football's financial watchdog (DNCG). Lyon are appealing the decision, which came following an audit of the club's finances, and UEFA's Club Financial Control Body will now await the outcome of the appeal before making its decision. UEFA and Lyon reached a settlement agreement over the club's breach of the financial sustainability requirements, and as part of the settlement, Lyon agreed on their exclusion from European competition should the DNCG confirm their relegation. League of Ireland club Drogheda United lost an appeal to the Court of Arbitration for Sport earlier this month over their exclusion from the Conference League, after falling foul of the multi-club ownership rules.
Reuters
30-06-2025
- Business
- Reuters
UEFA await Lyon relegation appeal before Palace Europa League decision
June 30 (Reuters) - UEFA has decided to postpone its assessment of the multi-club ownership case involving Olympique Lyonnais and Crystal Palace until the French club's relegation has been confirmed, European football's governing body said on Monday. The multi-club ownership regulations do not allow clubs under the same ownership compete in the same European competition, and American businessman John Textor holds a stake in both Palace and Lyon. Palace qualified for the Europa League by winning the FA Cup last season while Lyon reached the competition by finishing sixth in Ligue 1 but have since been relegated to Ligue 2 by French football's financial watchdog (DNCG). Lyon are appealing the decision, which came following an audit of the club's finances, and UEFA's Club Financial Control Body will now await the outcome of the appeal before making its decision. UEFA and Lyon reached a settlement agreement over the club's breach of the financial sustainability requirements, and as part of the settlement, Lyon agreed on their exclusion from European competition should the DNCG confirm their relegation. League of Ireland club Drogheda United lost an appeal to the Court of Arbitration for Sport earlier this month over their exclusion from the Conference League, after falling foul of the multi-club ownership rules.
Daily Mail
30-06-2025
- Business
- Daily Mail
BREAKING NEWS Crystal Palace handed agonising UEFA announcement on whether they will be allowed to play in the Europa League next season after Lyon were relegated
UEFA has announced that it is postponing its assessment of the multi-club ownership case involving Crystal Palace and Lyon. The Eagles were hopeful of learning their European fate on Monday after their maiden European campaign - secured after clinching their first major trophy last month - came under threat due to multi-club ownership rules. Eagle Football Holdings - who have a 43 per cent stake in the club - are also the owners of Lyon. More to follow.
