Textor – who owns Eagle Football Holdings, which currently owns stakes in Palace and Lyon – announced his decision to step down from his leadership roles at Lyon on Monday.
The restructure of the board at Lyon is expected to aid the French club’s hopes of overturning their domestic relegation.
Well-placed sources have also suggested to BBC Sport that Lyon are open to selling a number of their players to raise funds to ease their current financial problems.
It is not lost on Palace officials that the deal to sell Textor’s 43% stake in Palace to American businessman Woody Johnson last week – a transaction worth in the region of £190m – may have contributed to easing Lyon’s financial plight.
It is important to stress Uefa have no jurisdiction over Lyon’s relegation appeal.
In their view, Palace are one of the most well-run sides, financially, in England. Their clean track record in terms of staying the right side of financial regulations indicative of their prudency.
The fact Lyon’s financial state is so chaotic they have provisionally been demoted from the top league is not lost on figures at Palace.
Nor is the irony of the Premier League side losing their place in the Europa League to Lyon given the juxtaposition between their respective balance sheets.
For the time being, Palace’s European fate appears to be in the hands of the French football governance system.
Whether Lyon’s relegation to Ligue 2 is now upheld remains to be seen amid a feeling that doing so would devalue the French top flight.
There are varying levels of scepticism as to whether there is a will in France to forcibly remove one their most prestigious clubs from the top flight given the uncertainty surrounding it’s TV revenue.
There were reports in May that sports broadcaster DAZN terminated its five-year domestic broadcast contract with France’s Professional Football League (LFP) for Ligue 1 after just one season.
DAZN paid a reported 400m euros for the domestic rights over five years. In contrast, in 2023, the Premier League received £6.7bn for a four-year contract – which starts next season – for Sky and TNT to show up to 270 live games a season.
Indeed, there is a concern that relegating Lyon would put Ligue 1 at a disadvantage in terms of its popularity and global attraction.
