Why can't Textor just 'sell' his shares to one of Palace's other owners so they can play in Europe, with a clause in the deal that they're given back to him when they're not in Europe?
Why can't Textor just 'sell' his shares to one of Palace's other owners so they can play in Europe, with a clause in the deal that they're given back to him when they're not in Europe?
I think large bank transfers can take longer than 24 hours!
Why can't Textor just 'sell' his shares to one of Palace's other owners so they can play in Europe, with a clause in the deal that they're given back to him when they're not in Europe?
I think large bank transfers can take longer than 24 hours!
Nothing to do with the bank transfer which can be done on the day if you have available funds. I’m sure UEFA would see any set up such as suggested though as a way of dodging the rules and wouldn’t be acceptable.
Plus…the lawyers would take months to draft up the legals anyway 😉
Why can't Textor just 'sell' his shares to one of Palace's other owners so they can play in Europe, with a clause in the deal that they're given back to him when they're not in Europe?
I think large bank transfers can take longer than 24 hours!
Hats off to Nottingham Forest, i support them every step of the way.
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season.
Saying that Palace could be in breach of the multi-club ownership rules."
The article on the BBC website is interesting. I wonder how long it took Sami Mokbel to type out, word for word, the bullshit fed to him in a press release from Palace.
"Sources with knowledge of the situation have told BBC Sport that Textor's personal share in the Selhurst Park side does not meet the 30% threshold - which is key in Uefa determining decisive influence - and that he has just 25% of the voting rights."
Oh yeah? Why is it, then, that the article's fourth paragraph states: "Uefa's final ruling will centre on American businessman John Textor, owner of Eagle Football - which holds a 43% stake in Palace"?
Textor owns 43% of Palace and 77% of Lyon. Both may well have qualified for Europe via their own domestic competitions fairly and without influence from one another. Palace are insisting they are an entity that operates entirely independently, and not within the structures of a multi-club model. The article states: "it is understood [meaning, 'Palace have told me'] Palace have made clear they had no assistance in winning the FA Cup, in that they have not collaborated with Lyon since Textor's original investment into the club in August 2021 [which they have - as I have set out below] and will have no connection with the French side during next year's Europa League". Well, woopdy-doo as they say in America. You're not in next year's Europa League, you're in this year's. You hope.
The rule isn't about whether a team is influenced by another team also owned by the same or similar owners. It's about those teams both competing in the same season in Europe. We're days away from the draw in which, theoretically, Palace could be drawn against Lyon. Get ready for, not half-and-half, but 43:77 scarves.
To be clear, John Textor bought a 40% stake in Palace in 2021. Just 40%. Enough to give a large level of control, but not the full 43% he currently owns. The additional 3% came a year later while he was financing his deal to buy... Lyon.
Irish footballer Jake O'Brien was transferred, last season (ie in 2023/24) by John Textor's Palace, to John Textor's Lyon. For an undisclosed fee. And where did he go twelve months later? Everton, of course. Why 'of course'? Because Everton was the club that John Textor was trying to buy at the time.
Palace ownership pre-dated Lyon ownership, which paved the way to potential Everton ownersip. All without selling a single share in any club. Is it corrupt? I don't think so. Is it clearly, demonstrably and undeniably against the rules of the competition in which both Palace and Lyon want to compete? Without question.
The right result is that Palace are removed from European competition; Forest are given the vacant place in the Europa League and their position in the Europa Conference League goes to - get ready to rub salty tears in the wounds, Ultras - Brighton and Hove Albion.
Hats off to Nottingham Forest, i support them every step of the way.
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season.
Saying that Palace could be in breach of the multi-club ownership rules."
Hats off to Nottingham Forest, i support them every step of the way.
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season.
Saying that Palace could be in breach of the multi-club ownership rules."
Shithousing of the highest highest level
Especially as the Forest owner also owns Olympiacos, who qualified automatically for the Champions League this season
Hats off to Nottingham Forest, i support them every step of the way.
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season.
Saying that Palace could be in breach of the multi-club ownership rules."
Shithousing of the highest highest level
Especially as the Forest owner also owns Olympiacos, who qualified automatically for the Champions League this season
Thing is, he did the dodgy paperwork needed to cover both clubs in case Forest also qualified for the CL. John Textor just couldn't be bothered/was so arrogant he assumed Lyon would make the CL
Hats off to Nottingham Forest, i support them every step of the way.
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season.
Saying that Palace could be in breach of the multi-club ownership rules."
Shithousing of the highest highest level
Especially as the Forest owner also owns Olympiacos, who qualified automatically for the Champions League this season
Thing is, he did the dodgy paperwork needed to cover both clubs in case Forest also qualified for the CL. John Textor just couldn't be bothered/was so arrogant he assumed Lyon would make the CL
Or he never thought that Palace would actually make Europe? I don't think Palace had even played their 5th round game by the time of the UEFA deadline.
Hats off to Nottingham Forest, i support them every step of the way.
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season.
Saying that Palace could be in breach of the multi-club ownership rules."
Shithousing of the highest highest level
Especially as the Forest owner also owns Olympiacos, who qualified automatically for the Champions League this season
Thing is, he did the dodgy paperwork needed to cover both clubs in case Forest also qualified for the CL. John Textor just couldn't be bothered/was so arrogant he assumed Lyon would make the CL
Or he never thought that Palace would actually make Europe? I don't think Palace had even played their 5th round game by the time of the UEFA deadline.
Possibly, I'd still argue that's fairly negligent as there was a chance
Hats off to Nottingham Forest, i support them every step of the way.
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season.
Saying that Palace could be in breach of the multi-club ownership rules."
Shithousing of the highest highest level
Especially as the Forest owner also owns Olympiacos, who qualified automatically for the Champions League this season
Thing is, he did the dodgy paperwork needed to cover both clubs in case Forest also qualified for the CL. John Textor just couldn't be bothered/was so arrogant he assumed Lyon would make the CL
Or he never thought that Palace would actually make Europe? I don't think Palace had even played their 5th round game by the time of the UEFA deadline.
Possibly, I'd still argue that's fairly negligent as there was a chance
I don't think there's any doubt at all that they've been negligent.
From my experience in financial services and fixing issues when firms had got into trouble with the regulator, I’d often get the impression that owners, directors and senior management often seem to believe that the rules that apply to everybody else don’t actually apply to them, that or they’ll never get enforced. That never tended to turn out well. Obviously that’s not necessarily the case in this instance but, as a proper Charlton fan, fuck ‘em…
Irish footballer Jake O'Brien was transferred, last season (ie in 2023/24) by John Textor's Palace, to John Textor's Lyon. For an undisclosed fee. And where did he go twelve months later? Everton, of course. Why 'of course'? Because Everton was the club that John Textor was trying to buy at the time.
That transfer screwed Cork City by the way as they had a sell on fee. The move to Lyon was for about £1m.
Palace's best-ever top-flight season came in 1990–91, when they 'challenged' for the title, but fell short, finishing in third place behind champions Arsenal and runners-up Liverpool to achieve the club's highest league finish to date. Palace were denied a place in Europe because although the ban on English clubs following the Heysel Stadium disaster had now been lifted, it resulted in England being unranked in European competitions which meant there was only one place available in the UEFA Cup, and this went to Liverpool rather than Palace.
Palace screamed, threw their toys out of their pram and threatened court action against UEFA, Liverpool, the Football League... who knows?
If you think that Forest have done the wrong thing by writing to UEFA for clarification of their rules, then Palace's behaviour following the lifting of the Heysel ban was much worse, much more petulant and much more "snidey".
Comments
https://www.bbc.co.uk/sport/football/articles/c70ngn49jg7o
"Nottingham Forest have written to UEFA to voice their concerns about Crystal Palace's scheduled involvement in the Europa League next season. Saying that Palace could be in breach of the multi-club ownership rules."
"Sources with knowledge of the situation have told BBC Sport that Textor's personal share in the Selhurst Park side does not meet the 30% threshold - which is key in Uefa determining decisive influence - and that he has just 25% of the voting rights."
Oh yeah? Why is it, then, that the article's fourth paragraph states: "Uefa's final ruling will centre on American businessman John Textor, owner of Eagle Football - which holds a 43% stake in Palace"?
Textor owns 43% of Palace and 77% of Lyon. Both may well have qualified for Europe via their own domestic competitions fairly and without influence from one another. Palace are insisting they are an entity that operates entirely independently, and not within the structures of a multi-club model. The article states: "it is understood [meaning, 'Palace have told me'] Palace have made clear they had no assistance in winning the FA Cup, in that they have not collaborated with Lyon since Textor's original investment into the club in August 2021 [which they have - as I have set out below] and will have no connection with the French side during next year's Europa League". Well, woopdy-doo as they say in America. You're not in next year's Europa League, you're in this year's. You hope.
The rule isn't about whether a team is influenced by another team also owned by the same or similar owners. It's about those teams both competing in the same season in Europe. We're days away from the draw in which, theoretically, Palace could be drawn against Lyon. Get ready for, not half-and-half, but 43:77 scarves.
To be clear, John Textor bought a 40% stake in Palace in 2021. Just 40%. Enough to give a large level of control, but not the full 43% he currently owns. The additional 3% came a year later while he was financing his deal to buy... Lyon.
Irish footballer Jake O'Brien was transferred, last season (ie in 2023/24) by John Textor's Palace, to John Textor's Lyon. For an undisclosed fee. And where did he go twelve months later? Everton, of course. Why 'of course'? Because Everton was the club that John Textor was trying to buy at the time.
Palace ownership pre-dated Lyon ownership, which paved the way to potential Everton ownersip. All without selling a single share in any club. Is it corrupt? I don't think so. Is it clearly, demonstrably and undeniably against the rules of the competition in which both Palace and Lyon want to compete? Without question.
The right result is that Palace are removed from European competition; Forest are given the vacant place in the Europa League and their position in the Europa Conference League goes to - get ready to rub salty tears in the wounds, Ultras - Brighton and Hove Albion.
Nonsense. Remember what happened in 1991?
Palace's best-ever top-flight season came in 1990–91, when they 'challenged' for the title, but fell short, finishing in third place behind champions Arsenal and runners-up Liverpool to achieve the club's highest league finish to date. Palace were denied a place in Europe because although the ban on English clubs following the Heysel Stadium disaster had now been lifted, it resulted in England being unranked in European competitions which meant there was only one place available in the UEFA Cup, and this went to Liverpool rather than Palace.
Palace screamed, threw their toys out of their pram and threatened court action against UEFA, Liverpool, the Football League... who knows?
If you think that Forest have done the wrong thing by writing to UEFA for clarification of their rules, then Palace's behaviour following the lifting of the Heysel ban was much worse, much more petulant and much more "snidey".
Suggesting they are banned from any future European adventures for this flagrant and serious disregard of the rules.