John Textor has resigned from his 'day-to-day responsibilities' at Lyon as Crystal Palace await a decision on whether they can play in the Europa League.
The Eagles' historic place in the Europa League had been under threat under UEFA's rules on multi-club ownership thanks to the fact that Eagle Football Holdings - who have a 43 per cent stake in the club - are also the owners of Lyon.
John Textor, who owns the group, has agreed to sell the stake in Palace to New York Jets owner Woody Johnson in a desperate attempt to keep the south London side in the competition following their shock FA Cup Final win over Manchester City.