Bang in the French Ligue 1: Former football series champion Olympique Lyon was downgraded by the National Control and Administrative Directorate (DNCG) for violations of the financial requirements in Ligue 2. This was announced by the professional football league (LFP) on Tuesday evening.
At a hearing on Tuesday afternoon, Lyon tried unsuccessfully to convince the French financial regulator to lift the measures imposed in November against the seven -time master. Among these is the administrative downgrading.
Ol owner John Textor had previously shown himself confidently after trying to balance the club’s balance sheet for seven months.
“Everything is financially solid,” assured the chairman of the Eagle Football Holding. According to a financial injection of 83 million euros, there was only an agreement with the club’s creditors in January.
Lyon also reduced salaries through a voluntary severance payment for around a hundred employees and the departure of top-class players such as club icon Alexandre Lacazette. Transfers like that of Rayan Cherki to Manchester City helped stabilize the finances.
Olympique can make an appeal against the decision. If the decision is confirmed, Stade Reims could receive Lyon’s place in Ligue 1. The club had pulled the shorter in the play-offs against FC Metz (1: 1/1: 3 NV).