Lyon FC and Crystal Palace are owned by the same partnership group. They both qualify for the Europa League but due to the Multi- club ownership rules of UEFA both teams cannot play in the same competition if they are owned by the same group. One has to forfeit the competition for the other to play. Some people argue that Manchester City and Girona were allowed to play in the same UCL competition last season despite City football Group holding 44% in Girona shares and 100% in Manchester City, but the truth is that they placed their Girona shares on blind trust to be managed by an independent UEFA approved panel which secured compliance with UEFA rules and the both teams were allowed to play.
I saw this news on Facebook yesterday, and I was thinking it was fake news because I thought the person who posted the news wanted to generate traffic on his or her page, but seeing the same news here this morning means that the news is not fake. Lyon is in a serious financial crisis, and because of that, they have been demoted to the lower division of French football, and I think Lyon will be the one to forfeit their UEFA Europa League slot so that Crystal Palace can play in the Europa League next season since they can't take care of their expenses.
It was theoretically correct that Lyon were relegated to the lower divisions of French football. But we can see at the moment that they have managed to emerge from that relegation zone once again, with the result that their previous status is still intact, just like other competitors. Even what is important at this moment is that they were also able to hand over the MCO issue to UEFA. Moreover what is mentioned here is that due to the multi-club ownership issue, Premier League team Crystal Palace has currently been given a chance in the UEFA Conference League which means they will now be able to showcase their explosiveness and accuracy in that tournament.