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Explained: What can Man Utd, Chelsea, Villa and Newcastle spend this summer?

![Football finance expert Kieran Maguire assesses whether Crystal Palace will be banned from the Europa League next season, with complications surrounding John Textor's stake in both Palace and Lyon, who have also qualified for the competition.](https://e0.365dm.com/25/06/768x432/skysports-football-europaleague_6939199.jpg?20250611121611)

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