Crystal Palace is grappling with disappointment and assessing the financial repercussions after the Court of Arbitration for Sport (Cas) upheld UEFA's decision to bar them from the Europa League. This news arrived shortly after Crystal Palace's Community Shield victory against Liverpool. Club chairman Steve Parish had expressed confidence in the appeal's success, particularly after the club's recent trophy win.

The ban stems from a breach of UEFA's multi-club ownership rules, with the focus on John Textor, who recently sold his stake in Palace to Woody Johnson. Textor also owns Lyon, who also qualified for the Europa League. UEFA's club financial control body (CFCB) determined that Textor held a "decisive influence" over both clubs at the time of UEFA's assessment. The Cas panel supported UEFA's findings, consisting of a former Dutch striker, a Swiss former fencer, and an Italian professor.

Parish has voiced his frustration, stating that it felt like "winning the lottery and going to the counter and you don't get the prize". He has been instrumental in Palace's rise from near extinction in 2010 to winning their first major trophy. Textor admitted to concerns about the situation shortly after Palace's FA Cup victory against Manchester City in May, foreseeing potential issues with UEFA.

Crystal Palace has been demoted to the Conference League. Despite the setback, manager Oliver Glasner is optimistic about the team's chances in the Conference League. However, fans are understandably disappointed at missing out on the Europa League.

The club is also considering legal action against UEFA for compensation, according to Ed Aarons in The Guardian. This action could be a distraction as the new season approaches.

There is concern that Palace may need to sell key players like Marc Guehi and Eberechi Eze to fund incoming transfers.

UEFA maintains that Palace has been treated fairly and that the decision was based on a clear breach of regulations. They stated that the conclusion was reached after evaluating documentation submitted by Lyon and Palace.

The multi-club ownership issue and its impact on Crystal Palace has generated considerable discussion among fans. Some feel the club has been unfairly treated, while others believe the focus should be on moving forward and striving for success in the Conference League. Despite the disappointment, there's a sense of pride in the club's achievements under Steve Parish's leadership.