US EditionCrystal Palace Set to Land Nottingham Forest Blow Thanks to £7bn Tycoon
- John Textor, owner of a 43 percent stake in Crystal Palace and majority owner of Lyon, is prepared to sell his shares to resolve UEFA's multi-club ownership issue.
- The sale follows UEFA's warning that Palace could be excluded from the Europa League due to rules barring clubs with common ownership in the same tournament.
- Textor and Crystal Palace chairman Steve Parish recently held discussions with UEFA, aiming to demonstrate that Textor’s limited voting rights do not constitute control, while bids from Woody Johnson and a group including Jimmy Butler are ongoing.
- Textor values his stake above the offered £170 million, though insiders expect a sale by June 27 will secure Palace's European participation and avoid legal challenges from Nottingham Forest.
- If resolved by a sale, Palace would remain in Europe next season, while UEFA's ruling later this month and potential Court of Arbitration involvement could delay final confirmation.
13 Articles
13 Articles
The US Sun
The Irish SunCrystal Palace get late offer from Trump pal that could save Europa League hopes
NEW YORK JETS owner Woody Johnson has made an offer to buy John Textor’s minority stake in Crystal Palace, according to reports. Textor, 59, has been trying to flog his shares as Uefa threaten to throw Palace out of next season’s Europa League. GettyWoody Johnson has launched a bid for Crystal Palace[/caption] The Eagles qualified for Europe’s second tier competition by virtue of lifting the FA Cup last month. However, because Textor owns a 43 p…
(wiwsport) - We are getting closer to the end of the tunnel at Crystal Palace! While their season in the Europa League has so far been constrained due to the co-ownership, the Eagles seem to find the right formula to ensure their participation in the next exercise of the C3. According to information from our colleagues in Times, John Textor, owner of 43% [...] This article was originally published on wiwsport: site n°1 of the sports news of Sene…
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