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Issues arose when it became clear John Textor, who also owned shares in French side Lyon, was also involved with Crystal Palace and had not settled the issue by March's deadline.
Nottingham Forest are also looking at legal action over an alleged illegal approach by Tottenham for Morgan Gibbs-White.
UEFA demoted Crystal Palace to the third-tier Conference League on Friday because of the English cup winner’s ownership ties to French club Lyon through American businessman John Textor.
Premier League side Crystal Palace have been dropped from the Europa League to the third-tier Conference League in a ...