Crystal Palace's appeal against UEFA's demotion of them from the Europa League to the Conference League has been denied by the Court of Arbitration for Sport (CAS).

The Eagles secured their first season of European football in May, beating Manchester City in the FA Cup final, but Lyon's last gasp qualification for the Europa League three a spanner in the works. At the time both clubs shared owners with American businessman John Textor holding a 43% stake in the south London club, one which he has since sold to New York Jets owner Woody Johnson.

UEFA concluded that the two clubs playing in the same competition would breach their multi-club ownership rules with Lyon given priority as they had qualified through league finish. Palace argued against the decision, insisting that Textor did not

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