Crystal Palace have been demoted to the Conference League following breaches of multi-club ownership regulations, a UEFA panel has ruled.

Lyon ensured their place in Ligue 1 for the coming season, winning their appeal over relegation imposed upon them by the body that oversees the finances of French football teams.

Lyon also said that the club’s financial situation has improved after Eagle Football Group, which owns a 77 per cent stake in the club, agreed a deal to sell its 43 per cent share in Palace to New Yo...