Crystal Palace to stay in Conference League after losing appeal at Cas
Crystal Palace have lost their appeal against demotion from the Europa League and will now compete in the Conference League. The Court of Arbitration for Sport (CAS) upheld the decision made by UEFA, the European football governing body, to punish the club for contravening its rules on multi-club ownership. Specifically, UEFA had demoted Palace to the Conference League after determining that the club's owner, John Textor, held shares in both Palace and Lyon, another Europa League qualifier. Textor has since sold his 43% stake in Palace to fellow American businessman Woody Johnson. Despite the club's efforts to overturn the decision, the CAS has ruled in favor of UEFA's initial punishment, meaning Crystal Palace will be playing in the lower-tier Conference League instead of the Europa League for the upcoming season.
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