Textor would sell shares to help Palace play European football

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Crystal Palace co-owner John Textor would beryllium consenting to merchantability his shares to his chap owners successful a cut-price woody to let the nine to play successful this season's Europa League, according to sources adjacent to Eagle Football.

Uefa's rules forbid individuals from being progressive with much than 1 nine successful the aforesaid contention to debar conflicts of interest.

Eagle Football, the multi-club radical owned by Textor, owns a bulk involvement successful Ligue 1 broadside Lyon, who person besides qualified for adjacent season's competition.

The 4 Palace partners of Textor, Steve Parish, Josh Harris and David Blitzer were successful Switzerland connected Tuesday to sermon Palace's information successful the Europa League.

Textor was hoping to amusement Uefa officials helium did not person a controlling involvement successful the club.

The gathering ended without a decision, but it is understood from sources with cognition of the concern that a last ruling from European football's governing assemblage should travel successful the adjacent week oregon so.

Palace qualified for the Europa League by beating Manchester City to triumph the FA Cup. Lyon finished sixth successful the French apical formation to initially summation a spot successful the Uefa Conference League, but were fixed a Europa League spot aft Paris St-Germain - already qualified for the Champions League - won the Coupe de France.

Through Eagle Football, Textor owns astir 45% of Palace and 90% of Lyon.

Eagle Football besides has controlling interests successful Brazilian nine Botafogo and Belgian broadside RWD Molenbeek.

Palace are not portion of Eagle Football's multi-club organisation and person not signed a subordinate from immoderate of those clubs, though Jake O'Brien, present astatine Everton, did determination to Lyon from their academy.

Textor initially invested £90m into Crystal Palace successful 2021 and that archetypal concern helped to implicit the academy and bring the property of the squad down.

With the club's summation successful stature, a improvement of endowment specified arsenic Eberechi Eze on with their FA Cup success, it is understood the American would beryllium looking for a batch much instrumentality connected his archetypal investment.

Textor has tried to acquisition a controlling involvement successful Palace successful the past arsenic it is thought helium would similar to person wide power of the club.

However, helium has much precocious tried to bargain Everton and besides sought a purchaser for his Palace shares.

In an interview with the BBC past twelvemonth helium said helium does not tally Palace - president and co-owner Parish does - though helium tin stock his views.

He besides conceded the brace disagree connected their views implicit multi-club ownership.

It is understood Textor believes successful respect of the shot department, and helium is not entitled to a ballot connected footballing decisions.

He did, though, play a portion successful bringing successful existent manager Oliver Glasner past year.

That deficiency of wide power has meant Textor's presumption has present moved from wanting to bargain Palace to telling the partners helium would marque his shares disposable - and merchantability astatine nether 25% of their marketplace worth if it meant the quality betwixt Palace playing successful Europe oregon not.

Nottingham Forest proprietor Evangelos Marinakis precocious diluted his power astatine the nine by placing his shares successful a unsighted trust, erstwhile it looked similar some Forest and Olympiakos - different nine the Greek businessman owned - whitethorn some suffice for the Champions League.

But sources adjacent to Eagle Football judge putting those Palace shares successful a 'blind trust' is not an enactment arsenic Textor and Eagle Football bash not person decisive power implicit the Selhurst Park outfit.

Crystal Palace and Uefa were some approached for comment.

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