The Court of Arbitration for Sport (CAS) has rejected Crystal Palace 's appeal against their demotion from the Europa League to the Conference League over multi-club ownership (MCO) rules.

UEFA's Club Financial Control Body (CFCB) ruled last month that Palace were too closely linked to Lyon .

Palace's appeal had three strands: the CFCB's decision was unfair and unjust, against Forest being elevated to the Europa League, and against Lyon's participation. All three were rejected by CAS.

Nottingham Forest are the beneficiaries, promoted from the Conference League to play in the Europa League. Palace must enter the Conference League in the playoff round later this month, when they will play the losers of the Europa League tie between Fredrikstad and FC Midtjylland -- the second l

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