Palace confirmed a place in next season’s competition after a stunning FA Cup final win against Manchester City.
Bloomberg first reported that the regulations could cause Palace issues due to developments in France. If Paris Saint-Germain win the French Cup this weekend, Lyon would qualify for the Europa League. And a potential conflict arises via John Textor.
John Textor’s Eagle Football Holdings own 45 per cent of Crystal Palace (Photo: Getty)Palace sources have, however, insisted to The i Paper that the club do not believe they are in breach of Uefa rules and will pass an assessment.
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But Palace have no influence or relationship with Lyon, nor do they share resources, shares, assets or facilities.
Sources say, however, that while Textor owns 45 per cent of Crystal Palace, his influence is diluted due to the complex ownership structure at the club. The three principal shareholders – Steve Parish, the chairman, and American investors David Blitzer and Josh Harris – and Textor share voting rights, splitting decisions four ways and, effectively, giving each a 25 percent controlling stake.
Indeed, Textor has frequently complained about his lack of control at Palace, and his regret at not buying more of a stake in the club when he first became involved in 2021. He has even threatened to walk away over it.
Crystal Palace’s co-owner Steve Parish runs the club operationally (Photo: Getty)“But the likelihood of me being a passive investor for a length of time? If you knew me, you’d know that’s not a long-term strategy. So either we’re invited to take greater leadership over time or we’ll want to deploy our capital elsewhere.”
The ‘complexity’ for Crystal Palace
Uefa declined to comment, but the governing body will only deal with any issues after the Champions League final and when they know who has qualified for their competitions. If Lyon qualify for the Europa League, Uefa’s Club Financial Control Body would assess the relationship between both clubs.
square FOOTBALL Doing the 92Crystal Palace have found joy where others see only mockery
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“In most recent cases — like Manchester City and Girona or Manchester United and Nice — clubs have temporarily resolved the multi-ownership conflict by transferring one club into a so-called ‘blind trust’,” football finance expert Stefan Borson told The i Paper.
“The potential complexity here is that Eagle Football Holdings have themselves said that they are simultaneously looking to either sell or increase the Palace stake and also IPO in the US imminently. Corporate activity flies in the face of the blind trust mechanism.
Uefa is yet to deny Premier League clubs entry into their competitions, despite previous conflicts.
Clearing all four to play, Uefa posted a statement on its website stating: “The concerned investors have transferred their shares in Girona FC and OGC Nice to independent trustees through a blind trust structure established under the supervision of the CFCB First Chamber.”
The i Paper first revealed conflicts of ownership at Brighton and Aston Villa – the first of their kind involving English clubs – and their respective sister clubs. Both sets of owners had to restructure ownerships to comply.
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