Palace in talks to sell shares to NY Jets owner

1 week ago 7

Crystal Palace shareholder John Textor has received an connection to merchantability his involvement successful the nine - which could wide the mode for the Eagles to vie successful the Europa League adjacent season.

Woody Johnson, the proprietor of NFL franchise the New York Jets, wants to bargain Textor's involvement successful Palace, according to BBC Sport sources.

Crystal Palace person tried to person Uefa that they should beryllium allowed to enactment successful the competition, with a determination expected to travel towards the extremity of the month.

Uefa rules forbid individuals from having power of much than 1 nine successful the aforesaid contention to debar conflicts of interest.

Eagle Football - the multi-club radical owned by Textor which includes a number shareholding successful Palace - has a bulk involvement successful French broadside Lyon, who person besides qualified for adjacent season's competition.

Palace are arguing that Textor - who has repeatedly tried to merchantability his involvement with the nine - does not person decisive control. Eagle Football holds a 43% involvement successful Palace.

Palace executives travelled to Switzerland past week for a gathering with Uefa to enactment their lawsuit forward.

If Textor does merchantability his Eagle Football shares, past that could wide the way for Palace to participate.

Johnson, 78, who has been to Selhurst Park past season, was a protagonist of Donald Trump's statesmanlike campaign.

There were reports past twelvemonth that helium could measurement backmost from his relation arsenic president of the Jets to service arsenic an ambassador for President Trump, thing helium did during the Republican leader's archetypal word erstwhile Johnson served arsenic ambassador to the United Kingdom.

The New York Jets and Crystal Palace person been approached for comment.

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