Crystal Palace’s potential participation in the Europa League hangs in the balance as John Textor agrees to sell his 43% stake in the club to New York Jets owner Woody Johnson.
Crystal Palace is facing uncertainty over its participation in the Europa League next season due to concerns over John Textor’s involvement at Selhurst Park.
Textor, who owns a 43% stake in the club, has agreed to sell his shares to New York Jets owner Woody Johnson in a deal worth close to £190m. This development has significant implications for Palace’s European future.
The issue at hand is that Textor also has a stake in French club Lyon, which has qualified for the Europa League.
UEFA is investigating whether Palace breached its rules regarding teams under one multi-club ownership structure competing in the same European competition. If Palace is found to be in breach of these rules, they could lose their spot in the Europa League, which they earned by winning last season’s FA Cup.
The potential sale of Textor’s stake to Johnson could influence UEFA’s final decision on Palace’s participation in the Europa League.
Johnson’s wealth and experience as a sports team owner could bring stability and financial security to the club. The deal is still subject to Premier League approval, including Johnson passing the owners’ and directors’ test.
Palace’s European future is currently hanging in the balance, and the club is eagerly awaiting UEFA’s decision. A verdict is expected by the end of June, and it will have significant implications for the club’s future.
If they are allowed to compete in the Europa League, it could be a major boost for the team and its fans. However, if they are excluded, it could have a significant impact on the club’s finances and reputation.
Woody Johnson is a well-respected figure in the sports world, and his potential ownership of Crystal Palace could bring benefits to the club.
Johnson’s ability to transfer the funds quickly was a crucial factor in why his offer was viewed as the most favourable. With his wealth and experience, Johnson could be the right person to take Crystal Palace to the next level.
The deal between Textor and Johnson is a significant development for Crystal Palace, and it will be interesting to see how it all plays out. Uefa’s decision on Palace’s participation in the Europa League will be crucial in determining the club’s future.
Ultimately, the fate of Crystal Palace’s European participation will be decided in the coming weeks. The club’s fans can only wait and see how Uefa’s investigation unfolds and whether the sale of Textor’s stake to Johnson will have a positive impact on their team’s future.
