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The Independent UK

Sport

Will Castle

US billionaire John Textor sells stake in bid to save Crystal Palace’s European status

John Textor Palace Crystal Palace United States the Europa League Europe Europa League UEFA Champions League Lyon Nottingham Forest

John Textor has sold his stake in Crystal Palace in a bid to meet Uefa’s rules and ensure the club’s participation in the Europa League next season.

The US billionaire has sold his 42.9 per cent stake to controversial tycoon Woody Johnson for around £200m, subject to approval from the Premier League.

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