John textor
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Crystal Palace's Demotion Would 'devalue' Europa League, Says Henderson
Club Financial Control Body: Crystal Palace goalkeeper Dean Henderson has warned that the club’s enforced drop from the Europa League could “devalue the competition” as they await the Court of Arbitration for Sport’s verdict on their appeal against UEFA’s decision in a multi-club ownership dispute.
In July, UEFA’s Club Financial Control Body demoted Palace to the third-tier Europa Conference League, citing that John Textor — president of Eagle Football Group, the majority owners of Olympique Lyonnais — also holds a controlling stake in the London side.
Ligue 1 side Lyon, who also secured a spot in the Europa League, were permitted to participate. Crystal Palace have taken their case to CAS, challenging UEFA’s decision to bar them from the competition. A closed-door hearing was held on August 8, with a verdict expected on Monday.
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