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Crystal Palace’s Europa League Place Hinges on Sale of Textor Stake

UEFA plans to rule by June 30 on whether a sale of Textor’s stake is required to comply with multi-club ownership rules.

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Overview

  • John Textor has offered to sell his 43 percent share in Crystal Palace for as little as £170 million to satisfy UEFA’s eligibility requirements.
  • New York Jets owner Woody Johnson has submitted a bid for Textor’s stake and a consortium led by NBA star Jimmy Butler is preparing a rival offer.
  • Palace officials maintain that Textor has no decisive influence over daily operations, an argument under UEFA review.
  • Nottingham Forest have written to UEFA challenging Palace’s qualification and stand to gain a place in the Europa League if Palace are disqualified.
  • UEFA’s Club Financial Control Body met with Palace representatives in Nyon this month and is expected to announce its final decision by the end of June.