Skip to main content

Encouraging signs for Palace over Europe

Crystal Palace have been asked by Uefa for more information about their ownership structure in a move that leaves the Premier League club more confident they will play in Europe next season.

The decision over whether Palace can remain in the Europa League is likely to come down to whether UEFA believe that Textor has the capacity to exercise a decisive influence in the club’s decision-making.

Palace would argue that they don’t really operate as part of a multi-club ownership model, but simply have a significant shareholder, who happens to have stakes in other clubs.

Given the lack of genuine “decisive influence” that John Textor is able to apply at Crystal Palace, any punishment that banned them from the Europa League would seem to be wildly disproportionate.

There are very good reasons why UEFA have implemented regulations to curb the excesses of multi-club ownership, but they surely weren’t designed to tarnish a fabulous story like Palace’s FA Cup win.

If the issue is simply one of timing, i.e. Palace did not set up a blind trust before the arbitrary 1 March deadline, that would frankly be absurd, as it implies that any underdog club should make this technical adjustment every year – just in case they qualify for Europe via one of the cup competitions.

All that being said, it is right and proper that UEFA review such cases, but the hope is that they do not make an example of Palace, when much bigger clubs have avoided sanctions in the past via some fancy footwork off the pitch. That would be the height of a “Computer Says No” stance.

Palace are a rival club, but it would be grossly unfair if they were unable to reap the fruits of their FA Cup victory.

That said, Uefa needs to do more hard thinking about the growth of multi-club ownership.   The rules need to be clearer.

Comments

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...

Levy's anomalous status at Spurs

It is now nearly a year since Daniel Levy was dismissed as Tottenham Hotspur chairman by the Lewis family.  It has been 12 months of dramatic twists and turns, with Spurs avoiding relegation on the final day of the Premier League season, and then spending unprecedented sums this summer to try to make sure such a scare never happens again. But while most fans focus on the football — and a dubbing by Brentford   — another set of issues have been bubbling away separately. These relate to Levy’s continued position as a minority shareholder in the club. This has been in the news for much of this summer, even as we approach the first anniversary of Levy’s dismissal, and specifically this month, after he missed the opportunity last week to participate in the Lewis family’s latest equity injection into the club. On Thursday morning the club confirmed that his shareholding has been diluted, down by roughly two per cent, after the creation of new ENIC shares. Levy’s dism...