Crystal Palace FC Co-Owner John Textor is willing to sell his shares in the club in order to ensure the Eagles can enter next season?s Europa League, according to reports. The American, whose Eagle Football Group SA (ENXTPA:EFG) owns 43% of Palace, has imperilled the club?s chance of a first-ever European campaign owing to his involvement with Ligue 1 side Lyon, but is ready to offload his stake to his fellow Co-Owners in order to bring the saga to an end. UEFA does not allow clubs with the same ownership to compete in the same European competitions in a season.
As well as his stake in Palace, the 59-year-old has a controlling stake in the French club, also via Eagle Football. However it is also reported that the European governing body does not consider Textor?s influence at Selhurst Park to be decisive and is leaning towards allowing the club into the Europa League regardless. The PA news agency understands no formal decision is likely on Palace?s fate until the end of June.
Textor has previously spoken of his frustration at how little influence his stake entitles him to, over football matters.
