Financial Woes Force Lyon Relegation To Ligue 2 Following DNCG Verdict

‎Lyon has been officially relegated to Ligue 2, according to an official statement from the LFP.

‎The DNCG initially issued a provisional relegation during their recent meeting. This decision was based on concerns about the club’s financial situation, with the potential for full relegation if improvements were not made.

‎Eagle Football Group, the consortium that owns OL, has taken several financial measures to persuade the DNCG that their financial situation has significantly improved.

‎These efforts include the sale of John Textor’s stake in Crystal Palace and Lyon’s women’s team.

‎However, these actions have not met the necessary requirements to overturn the relegation.

‎This development occurs despite OL’s owner, Textor, sounding positive about the potential outcome following the meeting. He revealed to the press that the Rhône club’s financial situation had improved and that he was happy with the meeting.

‎Speaking to the press, Textor said, “You can see from the contributions of our shareholders, we have invested new capital, not only for the DNCG, but also for our UEFA licensing process. Not to mention the good news of the sale of Crystal Palace.

‎”Our liquidity situation has improved considerably.” Lyon will now be forced to play their football in the second tier next season.