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Earthquake in France: Lyon kicked into Ligue 2 for financial collapse!

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Earthquake in France: Lyon kicked into Ligue 2 for financial collapse!
Ligue de Football Professionnel (LFP) confirmed the official statement that Lyon, after the meeting with the Financial Supervisory Body of the French football side of DNCG, was expelled in Ligue 2.

It is a confirmation of temporary decisions made at the previous meeting, according to which OL would be automatically relevant if it does not prove financial improvement.

The decision is temporary

Eagle Football Groupa consortium that owns Lyon, tried to convince DNCG in the stability of the club by selling John Textor’s share in English Crystal Palaceas well as the sale of the women’s sections of Lyon. However, these measures were not sufficient to meet strict financial criteria.

This decision comes in despite the optimism of the John Textor’s Club owner, who claimed that after the meeting The situation is considerably better And that he is satisfied with the discussion.

It is visible from the contribution of our shareholders that we invested new capital, not only for DNCG, but also in the purpose of the UEFA’s license procedure. No good news for sale in Crystal Palace is not forgotten. Our liquidity has improved significantlyTextor said.

French giant

Still, that wasn’t enough. According to this decision next season, Lyon will play in the second rank of French football.

Olympique Lyonnais It was founded in 1950. year and over the decades grew into one of the most famous French football clubs. The greatest success achieved in the early 2000swhen he won the title of France’s champion seven times in a row (since 2002. to 2008).

The club is known for the development of young players and a strong academy from which numerous superior footballers came out. In the season 2023/2024. Lyon ended at 6. PLACE Ligue 1which meant a fight to return to the top of French football – all the way to the shocking decision to eject in another league.

What’s going on?

Lyon’s financial problems are the result perennial debt accumulation which grew into more than 500 million euros, excessive salaries and unfulfilled promises of revenues from the sale of players after the arrival of John Textor.

Although the owner tried to stabilize the situation By selling a stake in Crystal Palace And the female team of Lyona claimed that the club is Liquid, the French financial supervisory body DNCG is removable.

The club has previously received a ban on transfers and conditional administrative relegation, and is now officially expelled in Ligue 2 because it has failed to provide an additional 100 to 175m euros that DNCG requests for financial sustainability, writes index.hr.

Despite the investments of Eagle Football Group, Lyon is located in The most difficult financial crisis in your history.

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