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Crystal Palace loses UEFA appeal over drop to third-tier Conference League
The Court of Arbitration for Sport said its judges dismissed the English cup winner's request to stay in the more lucrative second-tier Europa League in a case that also involved Premier League rival Nottingham Forest and French club Lyon.
Forest and Lyon are confirmed taking entries directly into the Europa League in September and Palace must start in the Conference League qualifying playoffs round next week.
UEFA demoted Palace because Textor had a 43% ownership stake last season while also owning Lyon. Palace missed a March deadline set by UEFA to solve the potential issue.
CAS said its judges decided Textor was a board member with decisive influence over both clubs at the time of UEFA's assessment date.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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