Crystal Palace set to learn Europa League fate this week as co-owner looks to buy out John Textor
JOSH HARRIS wants to buy out John Textor in the latest tug of war at Crystal Palace.
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JOSH HARRIS wants to buy out John Textor in the latest tug of war at Crystal Palace
Credit: Rex
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Textor now willing to sell up to avoid Palace being booted out of the Europa League
Credit: AFP
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Palace qualified for the Europa League after beating Man City in the FA Cup final
But that has failed so far — with Textor now willing to sell up to avoid Palace being booted out of the Europa League due to
The European governing body's regulations mean Textor, majority owner of
Lyon
, cannot have influence at two clubs in the same competition.
But a sale is unlikely to be quick and will not impact the decision of Uefa chiefs.
And Harris is looking to pay a smaller sum than his US compatriot wants.
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Textor, whose Palace club won entry to the Europa League through winning the FA Cup, does not have a majority stake and only 25 per cent of voting rights.
Palace hope that relatively low figure will help their case with Uefa, who are expected to deliver a verdict
next
week.
Lyon are also set to feature in the competition having finished higher than Palace domestically, with a sixth-placed finish in the
Ligue 1
last season.
Uefa rules prohibit anyone from "simultaneously be involved in any capacity whatsoever in the management, administration, and/or sporting performance of more than one club participating in a Uefa club competition."
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The prospect of Palace dropping into the Conference League is also nigh-on impossible too.
This is because other shareholder David Blizter also has a stake in Danish oufit Brondby, who are set to play in European football's tertiary club competition
next
season.
Abandoned iconic UK stadium left to rot 110 years after hosting FA Cup final getting new lease of life
In a desperate bid to see the Eagles fly across
Europe
next
season and comply with Uefa rules, Textor and Blizter offered to put their shares in a blind trust.
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But Uefa chiefs have
REJECTED
the offer, leaving Palace's proposed European adventure
next
season in limbo.
Manchester
City and
utilised blind trusts last season as sister clubs Girona and
Nice
both qualified for the
Champions League
and Europa League respectively.
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