US EditionCrystal Palace Could Be Handed Major Europa League Boost After Lyon Decision
- On Tuesday, June 24, the French professional league relegated Olympique Lyonnais to Ligue 2 due to unresolved financial issues upheld by the DNCG.
- The relegation followed Lyon's failure to convince the financial watchdog despite cash equity investments and sale of Crystal Palace shares to improve liquidity.
- Lyon, seven-time French champions who secured a sixth-place finish in Ligue 1 and earned a spot in the Europa League, have lowered their wage expenses and transferred several important players.
- Lyon's president John Textor remarked that the club recently undertook several financial commitments and confirmed that they will promptly submit an appeal against the decision.
- Lyon's demotion could allow Crystal Palace, with whom Lyon shares ownership links, to be cleared for the Europa League as UEFA will decide Palace's eligibility this week.
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How Lyon's shock relegation affects Palace's Europa hopes with D-Day approaching
CRYSTAL PALACE could be cleared to play their first European campaign this week – as a direct consequence of Lyon’s shock relegation in France. Uefa competitions chiefs will meet in Nyon on Friday to make a final decision on Palace’s eligibility to play in the Europa League. GettyCrystal Palace are hoping to play in the Europa League after winning the FA Cup[/caption] GettyLyon were relegated to the second tier by French football authorities[/ca…
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