The situation in London remains tense this Saturday morning following UEFA’s decision to ban Crystal Palace from participating in the Europa League, despite their victory in the FA Cup. This prohibition is due to the multi-ownership structure set up by JohnTextoret, raising concerns about a potential conflict of interest with Olympique Lyonnais, also participating in the competition. Crystal Palace officials express their regret at UEFA’s decision that the sale of JohnTextoret’s shares was considered too late. Despite this “unfairness”, the club should be able to compete in the Europa Conference League next season, as it is no longer part of Eagle Football.

However, the legal situation surrounding the sale of JohnTextoret’s shares is still ongoing. A sales agreement between JohnTextoret and WoodyJohns has been concluded in recent weeks, providing for the disposal of the 43% stake in Crystal Palace. However, this transaction is conditional on the approval of the Premier League. According to Sky Sports, this approval should be obtained, with WoodyJohns taking over JohnTextoret from the English club.

This situation does not seem to affect the finances of Olympique Lyonnais, which announced that it had found other sources of funding. An introduction to the stock exchange, estimated at over €200 million, was initially planned to allow the Lyon club to receive €40 million and thereby strengthen its cash flow. OL therefore states that it is no longer dependent on the sale of JohnTextoret’s shares and on this entry to ensure its financial stability.