Crystal Palace has received a potential lifeline in their bid to participate in the Europa League next season. According to reports, Woody Johnson, the owner of the New York Jets and a former Chelsea bidder, has submitted an offer to purchase John Textor’s 43% stake in the club.
The development comes amid controversy surrounding Textor’s dual ownership of Crystal Palace and French club Lyon, which has raised concerns about potential conflicts of interest. UEFA rules prohibit two teams under the same ownership from competing in the same competition, and Lyon has also qualified for the Europa League.
The Background
Crystal Palace’s FA Cup triumph has earned them a spot in the Europa League, but their participation hangs in the balance due to Textor’s ownership structure. Nottingham Forest, who are set to participate in the Europa Conference League, had lodged a complaint with UEFA, arguing that Textor’s dual ownership constitutes a conflict of interest.
Potential Resolution
The potential sale of Textor’s stake to Johnson could resolve the issue and ensure Crystal Palace’s participation in the Europa League. Johnson’s bid would reportedly take the shares out of Textor’s hands, thereby eliminating any potential conflict of interest.
Implications
If Johnson’s bid is successful, it would not only secure Crystal Palace’s spot in the Europa League but also dash Nottingham Forest’s hopes of taking their place. Forest’s owner, Evangelos Marinakis, had taken steps to comply with UEFA rules by placing his shares in a blind trust and promising not to be involved in decision-making at the club.
The development is a significant twist in the saga, and the outcome will be closely watched by football fans and stakeholders alike.
