Palace co-owner John Textor would sell shares for Europa League chance
The American, whose Eagle Football Group owns 43 per cent of Palace, has imperilled the club's chance of a first-ever European campaign owing to his involvement with Ligue 1 side Lyon, but is ready to offload his stake to his fellow co-owners in order to bring the saga to an end.
UEFA does not allow clubs with the same ownership to compete in the same European competitions in a season.
As well as his stake in Palace, the 59-year-old has a controlling stake in the French club, also via Eagle Football.
However it is also reported that the European governing body does not consider Textor's influence at Selhurst Park to be decisive and is leaning towards allowing the club into the Europa League regardless.
The PA news agency understands no formal decision is likely on Palace's fate until the end of June.
Textor has previously spoken of his frustration at how little influence his stake entitles him to, over football matters.
Victory for Oliver Glasner's side over Manchester City in last month's FA Cup final gave them their first major trophy and with it a first crack at Europe.
However, Nottingham Forest have since written to UEFA to challenge Palace's Europa League spot and in the hope of taking their place.
Forest's owner Evangelos Marinakis, who also owns Greek side Olympiacos, placed his shares in the club in a blind trust before the governing body's March 1 deadline, anticipating Nuno Espirito Santo's side's European qualification.
At present Forest, who finished seventh in last season's Premier League, are set to enter the Conference League but would take Palace's Europa League place, should they be deemed ineligible.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Leader Live
32 minutes ago
- Leader Live
England Under-21s make perfect start to European Championship defence
Goals either side of the break from Harvey Elliott and Jonathan Rowe had put Lee Carsley's side in control. Daniel Fila reduced the deficit in the 50th minute, before England defender Charlie Cresswell headed in a third from a corner with 15 minutes left. The Young Lions – who beat Spain two years ago to win the European title for a third time – had made a bright start in their opening Group B fixture at the the MOL Arena in Dunajska Streda. Job done on matchday one. Lee Carsley's #YoungLions are off to a winning start at the #U21EURO finals! 💪 — England (@England) June 12, 2025 Newcastle defender Tino Livramento made an early break down the left, with his ball in was palmed away by Czech goalkeeper Lukas Hornicek before captain James McAtee scuffed his shot wide. Ipswich winger Omari Hutchinson was also lively on the left flank, cutting inside to fire a rising shot which was tipped over. The Czechs threatened in the 12th minute when Martin Suchomel sent a cross from the left through the England six-yard box, which Vaclav Sejk just failed to connect with. Brighton goalkeeper James Beadle then made a smart reaction save from Stepan Chaloupek's powerful header, pushing the ball over, after a free-kick was swung into the England penalty area. After soaking up plenty of pressure, England took the lead in the 38th minute. Harvey Elliott's tenth U21 goal ⚽️#U21EURO — UEFA Men's Youth (@UEFAMensYouth) June 12, 2025 Hutchinson drove forwards from the left before laying the ball out to Livramento. The defender's looping cross through the six-yard box was picked up at the back post by McAtee, who laid it back for Liverpool winger Elliott to fire a low shot into the far corner. The Czech Republic were almost straight back on level terms when a corner was flicked on by Krystof Danek and the ball bounced off England defender Jarell Quansah, but Beadle got down to make a save on the line. England – without the likes of Liam Delap and Jobe Bellingham who will be at the Club World Cup – doubled their lead three minutes into the second half. Livramento's low cross was touched home at the near post by Monaco forward Rowe ahead of Czech defender Filip Prebsl, with the ball diverting in off goalkeeper Hornicek. The Czechs, though, soon pulled a goal back in the 50th minute when Fila got in front of Livramento to power a free header past Beadle from Sejk's lofted cross. GOAL! Daniel Fila scores in the 51st minute! #U21EURO #CZE21 — Czech Football National Team (@ceskarepre_eng) June 12, 2025 England boss Carsley made an attacking double change with 20 minutes left, sending on Arsenal forward Ethan Nwaneri to replace Rowe and Birmingham's Jay Stansfield for McAtee. Nwaneri almost made an instant impact when he cut in from the right and curled a low strike goalwards, which was deflected past the far post. Toulouse centre-back Cresswell restored England's two-goal cushion with 15 minutes left when he showed great strength to get up and power down a header from Alex Scott's corner. Beadle then made another smart save from Czech substitute Adam Karabec in stoppage time. England next face Slovenia in Nitra on Sunday, with their last group fixture against Germany on June 18.
Scottish Sun
34 minutes ago
- Scottish Sun
Historic Brit clothes shop beloved by the Royal Family which supplied Europe's top fashion houses is forced to close
ROYAL SHAME Historic Brit clothes shop beloved by the Royal Family which supplied Europe's top fashion houses is forced to close A HISTORIC British clothing store once beloved by the Royal Family and known for supplying Europe's top fashion houses has shut down for good—leaving 28 people out of work. Otterburn Mills, based in Otterburn, Northumberland, with a second store in Rothbury, has gone into liquidation following a series of financial blows. 4 The business was further hit by the sudden loss of a key supplier, soaring operating costs Credit: Otterburn Mill 4 Those affected are now being supported with access to the Redundancy Payments Service Credit: Otterburn Mill The 18th-century mill-turned-retail business struggled to recover after the Covid pandemic, with shop visitor numbers failing to return to pre-2020 levels. The business was further hit by the sudden loss of a key supplier, soaring operating costs, and a shift in consumer shopping habits away from the high street. The company, which famously made a pram rug for Queen Elizabeth II in 1926, had recently been put up for sale. However, no buyer could be found, and business recovery experts FRP were brought in to oversee the winding down of operations. FRP confirmed that the company has ceased trading and 28 employees have been made redundant. Those affected are now being supported with access to the Redundancy Payments Service. Antonya Allison, joint liquidator and director at FRP, said: 'Otterburn Mills was a well-known and respected local business that had built a loyal customer base over many years. Unfortunately, the retailer was faced with an array of challenging headwinds that many high-street brands will recognise and, despite our best efforts to identify it has not been possible to find a viable way forward for the business. Our focus is now on supporting those affected and working to ensure the best possible outcome for creditors through the liquidation process.' The business also had debts owed to HMRC. We live next to a Sainsbury's where 'defeaning' building work is ruining our lives – we haven't slept for a week FRP added that it is 'working with all stakeholders to ensure an orderly wind down of the business and to maximise returns for creditors.' Otterburn Mills rose to prominence under William Waddell, the son of a Borders wool manufacturer, and built a reputation for its tweeds and woven fabrics. These high-quality materials were once used by major European fashion houses including Dior and Balmain. The site was transformed into a retail clothing store in the 1990s by Euan Pringle, who preserved much of the original mill machinery as part of the shop's heritage display. The closure adds to a growing list of British retail losses in recent months. The Original Factory Shop has begun closing down sales at several branches across Worcestershire, Dorset, Durham and other parts of the UK, as part of its wider restructuring. Poundland, recently sold to a US-based firm for just £1, is facing the potential closure of around 100 of its 800 UK shops, with job losses expected. House of Fraser is also shutting down its Worcester city centre store, where a 20 per cent off closing down sale has already begun ahead of its final trading day in September. Meanwhile, fashion chain River Island is drawing up a radical rescue plan to avoid collapse, which includes shutting some stores. Its Banbury branch is set to close at the end of June, and more may follow as the retailer attempts to recover from a £33.2 million loss last year. Industry experts say these closures reflect broader trends, including rising energy bills, business rates, and staffing costs. Many shoppers have moved online or prefer to visit large retail parks over traditional town centres. The Centre for Retail Research has warned that more than 17,000 UK stores could shut their doors in 2025, putting up to 202,000 retail jobs at risk. The loss of Otterburn Mills, a once-thriving symbol of British textile heritage, underlines the deepening crisis for both independent shops and national retail chains across the UK. Without meaningful support or change in consumer habits, more historic names could be lost from the high street for good. RETAIL PAIN IN 2025 The British Retail Consortium predicted that the Treasury's hike to employer NICs would cost the retail sector £2.3billion. Research published by the British Chambers of Commerce earlier this year shows that more than half of companies planned to raise prices by early April. Separately, the Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year. It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year. Professor Joshua Bamfield, director of the CRR said: "The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025." Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector. "By increasing both the costs of running stores and the costs on each consumer's household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020." 4 Many shoppers have moved online or prefer to visit large retail parks over traditional town centres Credit: Otterburn Mill
South Wales Argus
44 minutes ago
- South Wales Argus
What's on Thomas Frank's to-do list after taking charge at Tottenham?
Frank has left Brentford after an impressive seven-year spell and replaces Ange Postecoglou, who was dismissed two weeks after Europa League success following a 17th-placed finish in the Premier League. Here, the PA news agency takes a look at the key early issues facing Frank at Spurs. Stabilise dressing room Gaffer, where to thank you for bringing me to this wonderful club that I now call my home. Your instant belief in me to not only sign me but make me the clubs vice captain & part of the leadership group from the get go is something I'll always be thankful for.… — James Maddison (@Madders10) June 7, 2025 The volume of tributes paid to Postecoglou and the emotion behind them showed the strong connection built by the Australian in the Tottenham dressing room. Captain Son Heung-min hailed him as a 'legend forever', James Maddison was one of many to state how much they learned from him and Micky van de Ven admitted his dismissal was 'strange'. More than a dozen of the squad expressed their gratitude to the Europa League-winning boss, which leaves Frank in a tricky position. However, the man-management of the Danish coach is one of his strongest skills and he will back himself to quickly win over a group hungry for more success. Frank did also previously try sign Archie Gray and Brennan Johnson at Brentford. Make call on senior figures Spurs chairman Daniel Levy insisted in March the club 'cannot spend what we do not have' in reference to criticism from supporters. It hinted at sales being required to boost the transfer budget, but Europa League glory and subsequent Champions League qualification will bring in a vast amount of revenue. Nevertheless, captain Son is entering the final 12 months of his deal and with renewed interest from Saudi Pro League clubs, a departure could occur if a significant offer is made, PA understands. Cristian Romero also continues to be tracked by LaLiga teams but the World Cup winner would command a hefty price tag. Frank will be involved in discussions over the pair in addition to others and may have a tricky choice – does he keep two of Postecoglou's leadership group or start his tenure by moving them on? Insist on experienced signings Archie Gray made 46 appearances for Tottenham during his debut season despite only turning 19 in March (Nick Potts/PA) No matter who does depart, Frank would be minded to demand more experienced players are recruited this summer by technical director Johan Lange, who worked with the former Brentford boss at Lyngby. Postecoglou regularly fielded teenagers during Tottenham's Premier League campaign and even though Archie Gray and Lucas Bergvall developed enormously, they would benefit from more senior figures around them. Son and Ben Davies are currently the oldest in the squad at the age of 32. One of Postecoglou's parting messages was to urge players with Champions League pedigree to be signed. Win over doubters with quick start We are delighted to announce the appointment of Thomas Frank as our new Head Coach on a contract that runs until 2028. Welcome, Thomas! 🤍 — Tottenham Hotspur (@SpursOfficial) June 12, 2025 Frank has earned this opportunity by ensuring Brentford punch above their weight in the Premier League. Whilst most Spurs fans have reacted positively to his appointment, plenty also would have been happy for Postecoglou to get his wish of season three. It is no secret that Frank has made slow starts in his previous two managerial jobs – requiring nine games to achieve a maiden win in charge of Brondby and losing eight of his first 10 with Brentford. A repeat at Tottenham could see him suffer the same fate as Nuno Espirito Santo and be sacked before December. The best way for Frank to silence any doubters and escape Postecoglou's shadow will be early victories and his debut fixture offers up an excellent opportunity. If Frank can guide Spurs to a shock UEFA Super Cup triumph over Paris St Germain on August 13, it would win him a first trophy and show to the world he means business.
