Crystal Palace have claimed ‘sporting merit has been rendered meaningless’ after their appeal against their demotion to the Conference League was deemed unsuccessful on Monday.
The Court of Arbitration for Sport confirmed that the FA Cup winners would be playing in the third-tier competition this season at the conclusion of a convoluted legal case regarding multi-club ownership.
The Eagles were demoted from the Europa League earlier this summer, when UEFA ruled that they had breached their rules on multi-club ownership.
Outraged Palace officials appealed the decision in a gruelling, 10-hour session at the Court of Arbitration for Sport in Lausanne on Friday.
CAS lawyers had promised to hand down a verdict by close of play on Monday. And they have subsequently sided with the governing body, in what will be a devastating blow to the FA Cup winners and their fans and a decision that could cost Palace up to £20m in lost revenue. It is also likely to be welcomed at the City Ground, with the verdict confirmation that Nottingham Forest will take Palace’s place.
The Eagles had attempted to have their demotion overturned at the expense of either Forest or Lyon.
They were dropped into the third tier competition after a UEFA panel found that US businessman John Textor, whose Eagles Holdings company held a 43 per cent stake in the club, was in a position of influence at Selhurst Park.
Crystal Palace have broken their silence after losing their appeal at CAS on Monday
The Eagles qualified for the Europa League by winning the FA Cup but have been demoted due to multi-club ownership rules
His firm also owned French outfit Lyon, which qualified for the same competition. Lyon took priority, with only one MCO club allowed in, because they finished higher in their domestic league than FA Cup winners Palace.
Textor, who subsequently sold his stake in Palace, was not present at the hearing.
Both Forest and Lyon also had legal representatives at CAS.
Palace argued that while Textor’s firm held a 43 per cent stake in the club, it only afforded him 25 per cent of the voting rights and that chairman Steve Parish, along with silent partners Josh Harris and David Blitzer, called the shots with their 75 per cent. As such, they said, Textor had no influence at Selhurst Park.
They also claimed that double standards were in play, stating that sides in the European Club Association (ECA) were told that those with potential MCO issues could go beyond UEFA’s March 1 deadline to submit their paperwork.
