Lyon relegated to Ligue 2 due to financial issues

French football’s financial watchdog (DNGC) has officially imposed relegation sanctions on Olympique Lyon to Ligue 2 due to financial management violations.

The club owned by John Textor was found to have violated Article 11 regarding financial management — they failed to address their debt issues which reached 175 million euros.

Les Gones, who just finished the season in sixth place in French League, still have a chance to appeal — they can submit new evidence to defend their position.

This situation opens opportunities for Chelsea and Liverpool to take advantage of Lyon’s player transfer conditions in this summer’s transfer window.