Anger
Well-known member
- Jul 21, 2017
- 1,272
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[Football] If Palace can't play in the Europa League
- Thread starter B-right-on
- Start date
Brian Fantana
Well-known member
The 4th option is that Palace convince UEFA that Textor doesn’t actually have a level of control over them that breaches the 30% rule.Going to be an interesting couple of weeks and the Palace fans meltdown on the socials is box office !
Based on what has been reported the known facts seem to be:
1. Palace have breached the multi ownership rules
2. They requested putting Textor’s shares into blind trust (as other owners in the same situation have done), but UEFA have rejected this because they missed 1st March deadline
3. The only possible way out seems to be that Textor has to sell (which he’s as much said himself), and assuming this will need to happen within the next 2 weeks. But seeing that he’s tried to sell before when he wanted to invest in Everton it suggests he’s going to struggle unless he sells at a bargain price ! Wouldn’t be surprised to read that he’s agreed to sell up to the other 3 shareholders on the cheap this month and they’ll have to sell one of their stars with an agreement they’ll bung him what he’s truly owed at a later date !
I’ll get the popcorn !
According to a few articles, Palace operate a one shareholder, one vote system and not a one share, one vote. This therefore gives Textor essentially a 25% say in the running of the the club.
Personally I think this is what will ultimately be concluded by UEFA and they’ll be waved through.
West Upper Seagull
Well-known member
- Oct 31, 2003
- 1,620
I’m assuming this is what the owners tried to do when they met with UEFA recently and following the meeting Textor has been quoted as saying he is looking to sell. So this may suggest that UEFA have not accepted this argument - for now !
willalbion
Well-known member
I used to call that all the time, until my mum worked out why the phone bill had doubled….
happypig
Staring at the rude boys
If palace are allowed to get away with it then what’s to stop the Saudis and others buying multiple clubs in other countries and using them to bypass the rules as the precedence will have been set ?
But then all the reasons that mean they may get thrown out of the Europa League will apply to the conference, ie that Blitzer and Harris own 36% of Palace and over 50% of Brondby through their investment vehicle Global Football Holdings!
The problem Textor has, is that he has 43% of the shareholding but that only gives you 25% voting rights. That's not an attractive proposition for a would be buyer, he's been trying to sell for a while now and I suspect that is the stumbling block.
Super Steve Earle
Well-known member
Obviously I'd like Albion to play in Europe at the expense of Palace ignoring the rules, but if UEFA find some wriggle room and wave it through, nothing will take away the enjoyment of watching them and their fans squirm. I also imagine Marianakis may feel the need to appeal such a judgement as Forest made the necessary contingency arrangements that Palace did not. If Palace are thrown out, Forest get the far more valuable Europa League slot.
That's a very good point. He either sells the lot, in which case someone buying will be the largest shareholder of a club but could be outvoted on every single decision. Or, he sells 14% so he is below the 30% threshold (but he would also need to relinquish his voting rights) and the person buying that 14% would surely require some voting rights, presumably the same proportion as the other directors!
It's gonna be messy!!!
If they want to take them ! they may not be able to afford them
I'm not sure that a share transaction of any sort NOW will be helpful. UEFA's rules on multi-club ownership state that the conditions must be satisfied AS AT 1st March. Also, I'm not sure how Palace could be "relegated" to the Conference League, due to the Palace/Brondby situation (which would seem to transgress Article 5.01 in the same way as the Palace/Lyon situation).
My guess is that Palace must be gathering evidence to demonstrate that Textor/Palace/Lyon do not "have any power whatsoever in the management, administration and/or sporting performance of any other club participating in a UEFA club competition." And that Textor doesn't, in fact, fall foul of clause 5.01(b): "No one may simultaneously be involved, either directly or indirectly, in any capacity whatsoever in the management, administration and/or sporting performance of more than one club participating in a UEFA club competition."
My guess is that Palace must be gathering evidence to demonstrate that Textor/Palace/Lyon do not "have any power whatsoever in the management, administration and/or sporting performance of any other club participating in a UEFA club competition." And that Textor doesn't, in fact, fall foul of clause 5.01(b): "No one may simultaneously be involved, either directly or indirectly, in any capacity whatsoever in the management, administration and/or sporting performance of more than one club participating in a UEFA club competition."
We Are Palace - Textor explains why Glasner is at Palace, not Lyon
Yeah - above article with plentiful quotes from Textor himself suggests this doesn't look great for them. Clearly involved with decisions and influence.
m20gull
Well-known member
That last bit seems fairly easy to comply with. Shareholders are quite often not involved with "management, administration or sporting performance "
Marshy
Well-known member
Palace will be let in. As funny as it would be if they were not.
Legally if EUFA let them in are they open to Legal proceedings if a club felt so inclined i wonder....
Maybe Forest would want to be in the Europa League and not the Conference.... for example.
Legally if EUFA let them in are they open to Legal proceedings if a club felt so inclined i wonder....
Maybe Forest would want to be in the Europa League and not the Conference.... for example.
