Overview

• John Textor stepped down from his leadership roles at Olympique Lyonnais on June 30, appointing Michael Gerlinger as Director General and Michele Kang as Chair and President.
• Last week Textor signed a binding agreement to sell his 43 percent stake in Crystal Palace to Woody Johnson in compliance with UEFA’s multi-club ownership rules.
• UEFA is set to rule on whether Crystal Palace can participate in next season’s Europa League under regulations barring decisive control over two clubs in the same competition.
• Lyon’s relegation to Ligue 2 has triggered an appeal process with France’s financial regulator, the DNCG, which Michele Kang will spearhead.
• Textor will now concentrate on managing SAF Botafogo, Daring Brussels and exploring a new English club acquisition as part of Eagle Football’s strategic refocus.