Sun: The owner of Crystal Palace is willing to sell shares to maintain the team s European qualification

June 8 The Sun reported that the owner of Crystal Palace is willing to sell shares to avoid controlling Crystal Palace and Lyon at the same time.

Josh Harris wants to acquire John Tuctor's shares in Crystal Palace, and the tug-of-war of ownership is getting worse. Tuctor currently holds about 45% of the club and has previously tried to acquire shares of Harris and David Blitzer (18% each), but progress is not going well. Tector now decides to sell his shares as UEFA new rules on ownership of multiple clubs may cause Crystal Palace to lose its UEFA Cup qualification.

The American businessman, who also owns a majority stake in Lyon, faces violations for UEFA banning multiple clubs from the same owner from participating in the same event. However, the sale process is expected to take a long time and cannot affect UEFA's upcoming ruling next week. It is reported that Josh Harris's offer is lower than Tuctor's psychological expectations.

Crystal Palace, which has won the FA Cup title, has a shareholder named Tector, who holds 45% of the shares but has only 25% of the voting rights. The club hopes that this lower ratio will convince UEFA to go on the go. Lyon also secured a UEFA Cup spot as he ranked sixth in Ligue 1 last season.

UEFA's constitution clearly stipulates: "No individual may participate in the management, administrative and/or competitive affairs of multiple participating clubs in any form."

Even if Crystal Palace is relegated to UEFA, it is almost impossible, because another shareholder, Bulitzer, still holds shares in the Denmark's Bronderby team, the team has been qualified for the UEFA competition next season.

In order to maintain Crystal Palace's European War qualification, Tector and Blitzer proposed to transfer their shares to a confidential trust, but the plan has been rejected by UEFA, leaving the club's European War prospects unresolved.

Previously, Manchester City and Manchester United successfully used the confidentiality trust mechanism when they advanced at the same time as their sister clubs Girona (Champions League) and Nice (Europa League).