Crystal Palace’s chances of qualifying for the Europa League next season have taken a big hit after Lyon reached an agreement with UEFA to participate in the competition, despite being relegated from the French top division.
Crystal Palace’s historic FA Cup win last season earned them a spot in the Europa League, but their participation is uncertain due to UEFA’s rules on multi-club ownership.
The issue arises because Eagle Football Holdings, which owns a 43% stake in Crystal Palace, also owns Lyon. According to UEFA’s rules, clubs with shared ownership cannot compete in the same competition, and Lyon is set to take the Europa League spot due to their higher finish in the domestic league.
The situation took a dramatic turn when Lyon was relegated from Ligue 1 following an audit of their finances. Insiders at Selhurst Park saw this as a potential game-changer, believing that Lyon’s relegation could affect their eligibility for the Europa League. However, Lyon released a statement suggesting they are still in a strong position to participate in the competition.
Lyon’s agreement with UEFA’s club financial control body paves the way for their potential participation in the Europa League, subject to a favorable outcome during their appeal against the DNCG’s decision. This development has raised concerns for Crystal Palace, which remains confident that it can find a resolution given that no facilities, players, or resources are shared with Lyon.
Crystal Palace owner John Textor has sold his stake in the club to New York Jets owner Woody Johnson in an attempt to keep the south London side in the competition. A decision on whether both clubs can compete in the Europa League is expected by the end of the month.
Meanwhile, Lyon’s relegation means that former Premier League stars like Nemanja Matic, Ainsley Maitland-Niles, and Alexandre Lacazette could play in the second tier next season. Lyon, a seven-time Ligue 1 champion, last won the league in 2008.
The outcome of this situation will have significant implications for both Crystal Palace and Lyon. If Lyon participates in the Europa League, it could mean a substantial loss of revenue for Crystal Palace.
On the other hand, if Crystal Palace is allowed to participate, it could be a major boost for the club’s finances and reputation.
The situation is still unfolding, and a final decision is expected soon. Crystal Palace remains hopeful that a resolution can be found, allowing them to participate in the Europa League.
