Something wierd going on with that Forest, Botafogo, Lyon axis mate.
Crystal Palace and the Europa League
- Thread starter tonyhorne
- Start date
Something wierd going on with that Forest, Botafogo, Lyon axis mate.
barneygumble
Player Valuation: £60m
Textor was not the majority owner.
The difference between this and Drogheda is that Drogheda are 100% owned by the same people as Silkeborg, so they've been able show that Textor was not involved day-to-day.
Selling his shares to that old American fella still requires approval
See below article
Crystal Palace: John Textor to sell stake to New York Jets owner Woody Johnson
Crystal Palace part-owner John Textor signs an agreement to sell Woody Johnson his stake in the club, believed to be worth close to £190m.
www.bbc.co.uk
Sources close to the process have told BBC Sport that work towards Johnson passing the Premier League's owners' and directors test started about two weeks ago.
It’s going to be at least a 12 week process
GoldenToffee
Player Valuation: £70m
Everton takeover approved after about 6 months.Selling his shares to that old American fella still requires approval
See below article
Crystal Palace: John Textor to sell stake to New York Jets owner Woody Johnson
Crystal Palace part-owner John Textor signs an agreement to sell Woody Johnson his stake in the club, believed to be worth close to £190m.
Sources close to the process have told BBC Sport that work towards Johnson passing the Premier League's owners' and directors test started about two weeks ago.
It’s going to be at least a 12 week process
Palace takeover in 3 months, extraordinarily quick if so.
The league begins in about 7 weeks, surely they won't have approval and therefore be able to participate in UEFA competitions next season if they don't abide by the ownership rules.
GoldenToffee
Player Valuation: £70m
Everton need to be doing the same thing with other decent clubs. A combination of that and the creative financial work Chelsea are putting in.
Alan Whittle
Player Valuation: £70m
Textor does not have a majority ownership or major influence at Palace. That is the deciding factor for UEFA. All the talk about blind trust deadlines etc is irrelevant.
The timing of the sale is convenient but Textor wanted to sell his holdings anyway.
BigDunc'sFod
Player Valuation: £35m
HKContractDave
Player Valuation: £10m
Effectively Textor can "give up" on Lyon so Palace can play Europa?
Preki
Player Valuation: £15m
They don't mess about in France. How many PL clubs would survive their rules?
Timbucktoo
Player Valuation: £20m
Plenty of PL clubs ignore the PL rules, so I reckon they`d just do the same.
Harryflashman
Player Valuation: £60m
You’re not wrong remember when one had an actual administrator appointed by their major lender , the lender claiming the club were in administration and yet some how weren’t considered in administration?
To this day I still can’t believe it
BainesontoastNEW
Player Valuation: £40m
UEFA’s Club Financial Control Body meeting is today. Praying for @Alan Whittle
Alan Whittle
Player Valuation: £70m
Textor has, through his Eagle Holdings Group, owns 4 Football clubs. In addition, he had an investment in Palace which is not part of Eagle Holdings. For his 4 clubs he only ever had enough money for about 2 1/2 so he was forever robbing Peter to pay Paul and jousting with various regulatory bodies. Lyon were provisionally relegated last November but given a period of time to re finance. Textor made various announcements to the media during the period since; He was selling his Palace shares, He was buying the other shareholders out at Palace and taking control, He was investing in an English Championship club, he was floating Eagle Holdings Group on the New York Stock Exchange (none of which has happened yet) and finally, he was selling his Palace shares (where he was low balled by £50m because he was a forced seller with nowhere to go.)
Textor is an incompetent grifter who has more front than Blackpool. His financial incompetence has left Lyon in a bad way as a club and now that has caused it's relegation. Parish saw him coming and welcomed his investment but kept him clear of any power and decision making. He has had no control or significant influence at Palace during his time there and if UEFA are even handed it will be that simple, singular fact that allows Palace to enter the Europa League which they qualified for on May 17.
The sale of Textors' Palace shares and Lyon's relegation* have nothing whatsoever to do with Palace being allowed (or not) to play in next season's Europa League. That said, UEFA may need some weasel words in their full judgement particularly as they are desperate not to have their ruling challenged and their decision making processes in this and previous cases exposed.
*Lyon's relegation may not prevent them being eligible for Europa League participation.
Preki
Player Valuation: £15m
Then it would be the amateur leagues for them.
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