Olympique Lyonnais (OL) strives to free itself from the influence of JohnTextor, a task that is expected to take longer than expected. Despite MicheleKang’s efforts to maintain the club in Ligue 1, the club must manage the consequences of the previous management. OL plans to withdraw from sales of shares at Crystal Palace and the introduction to the New York Stock Exchange, indicating a reduction in JohnTextor’s impact. However, questions remain about multi-ownership and players whose economic rights OL holds, such as Thiago Almada, whose future is uncertain and could involve a new loan, potentially from Benfica. This situation raises complex memories between OL and Crystal Palace.
At the same time, Crystal Palace and its leaders express their outrage following UEFA’s decision to demote them to the Europa Conference League. This demotion is due to a conflict of interest related to multi-ownership and Eagle Football, described as “unfair” by Steve Parish, president and shareholder of Crystal Palace. UEFA pointed to the late sale of JohnTextor’s shares to WoodyJohnson, although this sale was approved by the Premier League. Parrish insists that JohnTextor had no decision-making influence on the club and that Crystal Palace is not involved in a multi-ownership model.
Despite Crystal Palace’s assurances of independence, the demotion was not accepted and the club hopes for an intervention by UEFA President. This situation highlights the complex consequences of multi-ownership in football, as well as tensions between clubs and governing bodies. OL, on the other hand, must carefully navigate in this situation, while seeking to ensure its financial and sporting stability for the coming season.