Michele Kang, who has accepted the position of chair and president, expressed gratitude to John Textor for his commitment to Lyon. Kang also stated that she looks forward to working closely with the club's management team and board to support Lyon through a challenging period. This period includes navigating the French football governing body's (DNCG) review process.

John Textor praised the club's achievements over the past few years, highlighting their return to European competition and successful rebuilding of the squad. He expressed gratitude to the club's staff for their dedication during a difficult time and expressed confidence in Michele Kang's leadership. With Textor selling his shares, it appears that Crystal Palace may participate in the Europa League, especially given Lyon's relegation.

The Union of European Football Associations (UEFA) has postponed its decision on Palace and Lyon's involvement in the Europa League. The outcome of this decision will determine whether the clubs can compete in next season's tournament.