Palace have been at risk of being kicked out of Europe due to ownership issues John Textor sold his stake in the club in bid to help Palace and French side Lyon LISTEN: Will Liverpool sign Alexander Isak? Merseyside reporter Lewis Steele provides the ...

American businesswoman Michele Kang has taken over as president of seven-time French champion Lyon after John Textor resigned following the club’s relegation over financial irregularities

Newly revealed figures from L’Équipe suggest Olympique Lyonnais paid the salaries of 54 players last season, despite maintaining a first-team squad of just over 30 — a discrepancy now fuelling

American businessman John Textor has said his immediate reaction to Crystal Palace lifting the FA Cup in May was that of worry.

American businessman John Textor plans to step back from the day-to-day management of Olympique Lyonnais following the club’s relegation to Ligue 2, which was confirmed after a meeting with French football’s financial watchdog (DNCG) this week.

John Textor has resigned from his leadership positions at Lyon, as Crystal Palace wait to learn whether they can compete in the Europa League next season. Palace qualified for the Europa League by winning the FA Cup last season, but their place in the competition is at risk because of UEFA ’s multi-club ownership rules.

American businesswoman Michele Kang has taken over as president of Lyon after John Textor resigned following theIR relegation over financial irregularities.