Who is John Textor? Controversial American businessman whose ties with French soccer club Lyon leads to Premier League side Crystal Palace's Europe demotion

John Textor has 43 per cent minority stake in Palace even though he had limited decision-making influence there — while he owned Lyon outright.

AP
John Textor, Chairman of Eagle Football Holdings, speaks during the FT Business of Football Summit in London, Thursday, Feb. 29, 2024. (AP Photo)
Premier League football club and the UK's prestigious tournament FA Cup 2025 champions Crystal Palace have been demoted to the third-tier Conference League by the European soccer governing body UEFA on Friday because of the London-based side's ownership ties to French club Lyon through American businessman John Textor. UEFA said its club finance panel accepted Lyon’s entry into the second-tier Europa League instead.

The decision follows the financially troubled French club being reprieved this week from demotion to the French second division. UEFA's decision came after six weeks of uncertainty for the south London club which has taken the shine off the first qualification for European competitions in its history. Palace beat Manchester City in the FA Cup final.

Palace can challenge the UEFA ruling at the Court of Arbitration for Sport. A fast-track case would need to be held within about one month before Conference League qualifying playoffs.


Who is John Textor?


John Textor has 43 per cent minority stake in Palace even though he had limited decision-making influence there — while he owned Lyon outright, conflicted with UEFA rules on multi-club ownership designed to protect the integrity of its competitions.

Textor has been an increasingly controversial figure in global soccer, also owning Brazilian club Botafogo and Belgium's Molenbeek while being linked with a failed bid to buy Everton.

ADVERTISEMENT
Nottingham Forest should now step up into the Europa League from the Conference League, which is potentially worth 20 million euros more in UEFA prize money.

Forest has had its own potential multi-club issues because Evangelis Marinakis also owns Greek league winner Olympiakos which will play in the Champions League.

FAQs


Q1. Who owns Crystal Palace?
A1. John Textor has 43 per cent minority stake in Palace even though he had limited decision-making influence there — while he owned Lyon outright, conflicted with UEFA rules on multi-club ownership designed to protect the integrity of its competitions.

ADVERTISEMENT
Q2. Who won FA Cup 2025?
A2. Crystal Palace won FA Cup 2025.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › US News › Who is John Textor? Controversial American businessman whose ties with French soccer club Lyon leads to Premier League side Crystal Palace's Europe demotion
Text Size:AAA
Success
This article has been saved

*

+