Lyon Relegated To Ligue 2 Over Financial Issues
1 min read
By Sportsgister
French giants Olympique Lyon have been relegated to Ligue 2, the second division of French football, due to financial issues.
The decision was made by the French league football governing body (LFP) after a meeting with the National Directorate of Management Control (DNCG) [1].
Lyon’s financial struggles led to the relegation, despite efforts by the club’s owner, John Textor, to improve the financial situation.
Textor’s sale of his stake in Crystal Palace was part of the efforts to convince the DNCG that the club’s financial situation had improved.
The DNCG was not satisfied with the club’s financial situation, leading to the relegation decision.
Lyon will play in the second tier of French football next season, a significant change for a club with a rich history.
Relegation to Ligue 2 will likely result in a significant loss of revenue for the club.
Sedara Philip is a Sports writer, an administrator,Journalist,and editor
