That is due to multi-club ownership rules that Palace are considered to have breached as they did not adhere to UEFA guidelines before a deadline on March 1. They remain adamant that American businessman John Textor never boasted "controlling influence" at Selhurst Park, but have still seen him sell his stake in the club to Woody Johnson - owner of the New York Jets franchise in NFL circles.
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According to The Telegraph, an email sent by The European Club Association (ECA) - which is run by Paris Saint-Germain chairman Nasser Al-Khelaifi - told several multi-club ownership groups in October 2024 that UEFA’s March 1 deadline was "not set in stone". It is claimed outstanding issues could be resolved by May 31.
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Other clubs - such as Chelsea, Barcelona and Aston Villa - have negotiated fines for financial breaches in July, which suggests that UEFA are prepared to bend their rules in certain cases.