Forget cup final losses, or derby defeats, or severe thrashings. The decision by CAS to dismiss the club’s appeal against being demoted to the Conference League has denied them the right, earned from winning the FA Cup in one of last season’s feel-good storylines, to invest the potential future earnings in transfers and contract renewals that could help secure the club’s place those few rungs up the ladder.
Clearly, it is hard to quantify quite how far Palace would have gone in the competition, but the difference between winning the Europa League – worth £28m – and the Conference League – worth £16m – is stark.
Glasner’s contract expires in the summer of 2026 (Photo: Getty)
It may all be small change for clubs such as Manchester United, Liverpool or Manchester City, but for a club at the level of Crystal Palace, constantly trying to find an edge, to identify undervalued talent and fend off richer rivals, it means everything.
Transfer and wage budgets will be redrawn. Zeros will be removed from columns on spreadsheets. Totals will be downgraded.
And for it to be so, there will have to be other concessions. Star players, who they could otherwise have kept, might have to be sold. Eberechi Eze is of interest to Arsenal and Tottenham Hotspur.
square FOOTBALL Crystal Palace to play in Conference League after losing appeal
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Oliver Glasner has already shared his frustration at a lack of progress in the transfer market and hinted that he won’t stay if it does not improve. The prospect of Palace losing the manager who made history 12 weeks ago edges closer.
Palace lawyers tried their best to argue the club’s case. But CAS dismissed each argument: that John Textor didn’t have significant influence over Palace due to sharing voting rights with three other minority shareholder; that Palace received unfair treatment compared to Nottingham Forest, handed their Europa League place, and Lyon, who Textor also owned; that Uefa’s rules were not clear and provided flexibility for other clubs.
At a private hearing at CAS headquarters in Lausanne, Switzerland, last Friday, Palace lawyers pointed out that Manchester United and Manchester City were permitted to play in the same competition as respective sister clubs Nice and Girona after owners were forced to place shares in a blind trust.
You can point to missed deadlines, missteps and mistakes.
But at its essence, this was always about a smaller club being given harsher treatment than far bigger, wealthier sides. About well-established Premier League clubs becoming the plaything of billionaires.
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CAS laid the blame firmly at the door of Textor, who failed to place his majority ownership of Palace or Lyon in a blind trust by the 1 March deadline.
Where is Textor in all this? Since gone, selling up his stake to Woody Johnson after growing tired of it all. Instead, it is left to Palace fans to bear the brunt of the decision, and wondering how it ever came to this.
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