Latest news with #EagleFootball
BreakingNews.ie
19 hours ago
- Business
- BreakingNews.ie
FA Cup winners Crystal Palace face anxious wait to discover Europa League fate
Crystal Palace face an anxious wait to discover if they can compete in the Europa League next season, with a decision on their fate not expected until late June, the PA news agency understands. Palace held a meeting with UEFA officials last Tuesday to plead their case to be allowed to play in Europe for the first time. Advertisement Oliver Glasner's team clinched a Europa League spot after they stunned Manchester City to win the FA Cup at Wembley last month – the first major trophy in the club's history. 😏 — Crystal Palace F.C. (@CPFC) May 19, 2025 However, talk of a European adventure has proved slightly premature, with Palace required to meet with UEFA's club financial control body (CFCB) to show they do not fall foul of its multi-club ownership rules. John Textor holds a 43 per cent stake in Palace through his company Eagle Football, while he is also the owner of French club Lyon, who qualified for the Europa League with a sixth-placed Ligue 1 finish. After Tuesday's meeting, the CFCB is not expected to make a decision until the end of June, PA understands. Advertisement No individual is allowed to have a significant say in the running of two clubs competing in the same UEFA competition and the CFCB would have to make a ruling on any potential breach. PA understands Palace are confident no rules have been breached owing to the fact Textor – through Eagle Football – has only a 25 per cent share of voting rights alongside fellow principal owners Josh Harris, David Blitzer and chairman Steve Parish. Parish is also responsible for the day-to-day running of the club, which has led to past tension with Textor, who had previously tried to sell his shares and take over Everton. View this post on Instagram A post shared by UEFA Europa League (@europaleague) Given Palace believe they have no influence over Lyon and Eagle Football does not have decision-making powers at the Premier League outfit because of the voting structure, the club are hopeful of being able to compete in Europe. Advertisement If Palace fail to convince the CFCB, Lyon would keep their Europa League spot due to a higher league finish. Meanwhile, Brondby, who Blitzer owns, qualified for the Europa Conference League, which prevents the south London club from dropping into that competition. Palace announced their retained list on Monday, with long-serving duo Joel Ward and Jeffrey Schlupp set to officially leave on June 30th. Their departures had been announced last month. A number of academy players are also due to depart, including Eberechi Eze's younger brother Chimaechi Eze. Advertisement
The Independent
20 hours ago
- Business
- The Independent
FA Cup winners Crystal Palace face anxious wait to discover Europa League fate
Crystal Palace face an anxious wait to discover if they can compete in the Europa League next season, with a decision on their fate not expected until late June, the PA news agency understands. Palace held a meeting with UEFA officials last Tuesday to plead their case to be allowed to play in Europe for the first time. Oliver Glasner's team clinched a Europa League spot after they stunned Manchester City to win the FA Cup at Wembley last month – the first major trophy in the club's history. However, talk of a European adventure has proved slightly premature, with Palace required to meet with UEFA's club financial control body (CFCB) to show they do not fall foul of its multi-club ownership rules. John Textor holds a 43 per cent stake in Palace through his company Eagle Football, while he is also the owner of French club Lyon, who qualified for the Europa League with a sixth-placed Ligue 1 finish. After Tuesday's meeting, the CFCB is not expected to make a decision until the end of June, PA understands. No individual is allowed to have a significant say in the running of two clubs competing in the same UEFA competition and the CFCB would have to make a ruling on any potential breach. PA understands Palace are confident no rules have been breached owing to the fact Textor – through Eagle Football – has only a 25 per cent share of voting rights alongside fellow principal owners Josh Harris, David Blitzer and chairman Steve Parish. Parish is also responsible for the day-to-day running of the club, which has led to past tension with Textor, who had previously tried to sell his shares and take over Everton. Given Palace believe they have no influence over Lyon and Eagle Football does not have decision-making powers at the Premier League outfit because of the voting structure, the club are hopeful of being able to compete in Europe. If Palace fail to convince the CFCB, Lyon would keep their Europa League spot due to a higher league finish. Meanwhile, Brondby, who Blitzer owns, qualified for the Europa Conference League, which prevents the south London club from dropping into that competition. Palace announced their retained list on Monday, with long-serving duo Joel Ward and Jeffrey Schlupp set to officially leave on June 30. Their departures had been announced last month. A number of academy players are also due to depart, including Eberechi Eze's younger brother Chimaechi Eze.
BBC News
2 days ago
- Business
- BBC News
How Palace are fighting to keep European dream alive
Crystal Palace are anxiously waiting to hear whether their European dream is over before it even begins. Winning the FA Cup - the Eagles' first major trophy triumph - resulted in the south London club qualifying for the Europa League, the club's only qualification into continental football in their 164-year whether Palace can start planning for European football is in the hands of governing body Uefa, who must decide whether the Eagles have breached its rules on teams under one multi-club ownership structure competing in the same European final ruling will centre on American businessman John Textor, owner of Eagle Football - which holds a 43% stake in Football also owns a 77% stake in French side Lyon, who - like Palace - have qualified for next season's Europa BBC Sport outlines the details of Palace's defence as they fight for their European lives. Palace deny operating multi-club model Uefa's regulations are in place to prevent collusion between clubs. At the heart of Palace's argument is that their historic FA Cup win and consequential European qualification was an achievement accomplished entirely on their own are insisting they are an entity that operates entirely independently, and not within the structures of a multi-club with knowledge of the situation have told BBC Sport that Textor's personal share in the Selhurst Park side does not meet the 30% threshold - which is key in Uefa determining decisive influence - and that he has just 25% of the voting rules state that "no individual or legal entity" can hold a majority of shareholder voting rights at two clubs in the same European it is understood Palace have made clear they had no assistance in winning the FA Cup, in that they have not collaborated with Lyon since Textor's original investment into the club in August 2021 and will have no connection with the French side during next year's Europa Premier League side are believed to have pointed out that there have been no transfers between the clubs since Jake O'Brien, now at Everton, left Palace for Lyon in August also say there has been no employee, backroom staff or coach sharing, no dialogue, no collaborative strategy, no combined partnerships, sponsorships or commercial deals and no collective scouting, analysis or software is accepted, and been widely reported, that chairman Steve Parish and his leadership team make all final decisions in relation to the management and operations at working structure has existed for a decade and is supported by fellow shareholders Josh Harris and David Textor, who only has one vote, has publicly spoken about his lack of influence at Selhurst Park."As proud as we are to have been a part of the resurgence of Crystal Palace, it remains true that Crystal Palace is an independent club, run by a man with a steady hand, who has achieved a level of sustainability that is incredibly uncommon in today's Premier League," said Textor in May 2024."An integrated sporting model, such as ours at Eagle, is simply not a perfect fit for Crystal Palace."It has been pointed out to Uefa that Textor is an individual and minority shareholder and, when he first invested into Crystal Palace in 2021, he owned no other clubs and his investment into other teams followed takeover over Lyon was confirmed in 2022, 16 months after he secured a stake in Palace. Textor could resign as Palace director Under Article 5 of Uefa's rulebook, which relates to the integrity of the "competition/multi-club ownership", a club is required from March 1 2025 to have complied with the requirements necessary to prove they are not "simultaneously involved in any capacity whatsoever in the management, administration, and/or sporting performance of more than one club participating in a Uefa club competition".In the past clubs have sought to divest the stakes of key shareholders with a view to complying with Uefa's example, the City Group, Ineos, Red Bull group and most recently Nottingham Forest owner Evangelos Marinakis have adapted their shareholdings in clubs accordingly to ensure their teams can compete in the same European year Ineos, which owns Manchester United, put its shares in French club Nice into a blind trust to ensure both clubs could compete in the Europa League last made a similar move earlier this season by placing its ownership of Swiss club Lausanne-Sport into a blind trust, before a potential conflict in the 2025-26 rules regarding the March 1 deadline are clear - and clubs have sought to comply with the regulations and cut-offs. A template for Palace to follow is in Palace are understood to have made clear that Textor's position means he cannot be enforced by the club to place his shares into a blind trust, owing to a lack of legal authority, unlike previous precedents where a single entity owns multiple as has been well documented, effectively holds the deciding vote at Palace with the backing of Harris and Blitzer, so existing shareholder agreements would need to be altered to enforce a blind trust scenario - which is not within the club's power and infringes on Textor's property is also a sense that the chain of events that have left Palace's position in European football in jeopardy were unforeseen and is a factor towards why they failed to meet the deadline for ownership faced Millwall in the FA Cup fifth round on March 1. Since then they beat Champions League clubs Aston Villa and Manchester City en route to winning the side Strasbourg conceded a 90th-minute goal on the final day of the season to hand Lyon the final Europa Conference League spot, before Paris St-Germain later won the French Cup to elevate Lyon into the Europa Uefa rules that Lyon and Palace cannot both compete in the Europa League, regulations state that the French side will play in the competition because of their higher league that scenario Palace could play in the Europa Conference League, but even then there is the added complication that Danish club Brondby, who have qualified for the Conference League, are owned by Harris and missed the deadline, Palace have expressed to Uefa that they are prepared to take immediate steps to comply with their with knowledge of the situation have told BBC Sport that one of those measures includes the resignation of Textor as a director of Palace, which would mean he will have no influence in any capacity. 'Europa League ban is disproportionate' It is understood Palace are arguing that banning them from the Europa League would result in a disproportionate sanction and unfairly punish the club, players, staff, fans and local thoughts are that preventing the club from competing in the Europa League next season would result in an injustice, particularly given their breach is technical and that no competitive harm has is believed Palace also feel that refusing them a place would contradict the promotion of football's development that ensure that "sporting values always prevail", as per Article 2 of Uefa's sources are indicating that Palace believe a fine or temporary oversight measures - for example the monitoring of transfers - would appropriately punish a breach, without harming stakeholders who have no involvement in the ownership is expected to confirm its decision in the coming weeks.
BBC News
4 days ago
- Business
- BBC News
Palace hold talks with Mateta over new deal
Crystal Palace are in talks with striker Jean-Philippe Mateta over signing a new contract.A full agreement is still to be reached but it is understood a deal is now 27-year-old was a standout performer in Oliver Glasner's side last season, scoring 17 goals in all competitions as Palace won the FA Cup - their first major Frenchman, who joined from Mainz initially on loan in 2021, has been linked with a move away from Selhurst Park, with Aston Villa, Manchester United and Marseille among the clubs credited with an current deal runs out in 2027 after the Eagles triggered a 12-month extension on his Palace are reluctant to allow Mateta to enter the final year of his deal and want to secure his long-term Sport reported earlier that Glasner's side could have to wait until the end of the month to find out if they are able to play in the 2025-26 Europa League, which may play a factor in Mateta's rules forbid individuals from having control of more than one club in the same competition to avoid conflicts of Football - the multi-club group owned by John Textor which includes a minority shareholding in Palace - owns a majority stake in Ligue 1 side Lyon, who have also qualified for next season's competition.
BBC News
4 days ago
- Business
- BBC News
Crystal Palace face wait over Europa League ruling
Crystal Palace are expected to have to wait until the end of the month to find out if they are able to play in the 2025-26 Europa League, according to sources with knowledge of the Eagles hierarchy travelled to Switzerland on Tuesday to discuss with Uefa officials about their participation in the rules forbid individuals from having control of more than one club in the same competition to avoid conflicts of Football - the multi-club group owned by John Textor which includes a minority shareholding in Palace - owns a majority stake in Ligue 1 side Lyon, who have also qualified for next season's are arguing that Textor - who has repeatedly tried to sell his stake with the club - does not have decisive places are used to determine who gets to play in the competition and given the French side finished sixth, they get priority over Palace, who ended 12th in the Premier original feeling was that the decision about their participation would come in the next week but sources now say that a ruling will come towards the end of June. How did Palace get here? Palace qualified for the Europa League by beating Manchester City to win the FA finished sixth in the French top flight to initially gain a spot in the Conference League, but were promoted to the Europa League competition after Paris St-Germain - already qualified for the Champions League - won the Coupe de Eagle Football, Textor - who initially invested £90m into Crystal Palace in 2021 - owns around 45% of the club and 90% of American was appointed a director and joined co-owner Steve Parish, Josh Harris and David Blitzer on the January 2022, he invested in Brazilian club Botafogo and Belgian side RWD Molenbeek. Eagle Football still has controlling interests in both became the owner of Lyon in June Eagle Football has only has a 45% stake in Palace, the club is not part of the group's multi-club organisation. Palace have not signed a player from any of those clubs, although Jake O'Brien, now at Everton, did move to Lyon from their has tried to purchase a controlling stake in Palace in the past because it is thought he would prefer to have overall control of the he has more recently tried to buy Everton and also sought a buyer for his Palace an interview with the BBC last year, he said he does not run Palace - chairman and co-owner Parish does - although he can share his also conceded the pair disagree on their views over multi-club Forest owner Evangelos Marinakis recently diluted his control at the club by placing his shares in a blind trust, when it looked like both Forest and Olympiakos - another club the Greek businessman owned - may both qualify for the Champions sources close to Eagle Football believe putting those Palace shares in a 'blind trust' is not an option because Textor and Eagle Football do not have decisive influence over the Selhurst Park Palace and Uefa have both been approached for comment.
