Lyon Face Provisional Relegation and Transfer Ban Amid Financial Turmoil
- Lyon face relegation to Ligue 2 at the end of the season if they fail to resolve their financial issues
- Additionally, the club has been handed a transfer ban, preventing them from signing players in January
- Lyon’s owner, John Textor, also co-owns Premier League side Crystal Palace and holds a majority stake in Brazilian club Botafogo
French giants Lyon have been provisionally relegated to Ligue 2 and slapped with a transfer ban due to escalating financial troubles.
Journalist Fabrizio Romano reports that the relegation will only take effect at the end of the season if the club fails to stabilize its finances by then.
Source: UGC
The club’s debt has surpassed €500 million, fueled by poor on-pitch results and an overinflated wage bill.
According to GiveMeSport, Lyon must meet stringent financial conditions to avoid relegation.
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Additionally, Get French Football News reported that the Direction Nationale du Contrôle de Gestion (DNCG) will now oversee the club's wages closely.
As L'Equipe previously reported, Lyon’s economic struggles are tied to its reliance on consistent Champions League qualification.
With the club falling short of expectations, selling key players has become a likely option to address the deficit. However, even that might not be sufficient to restore financial stability.
The situation places significant pressure on John Textor, owner of Eagle Football Group, who controls an 87.7% stake in Lyon and holds a 45% share in Crystal Palace.
Earlier this week, L’Equipe revealed that Lyon appeared before the DNCG on November 15 to address their financial concerns.
The seven-time Ligue 1 champions, currently sitting fifth in the league, must urgently act to secure their top-flight status.
Fulham and Everton Show Interest in Ernest Nuamah
Earlier, Briefly News reported that English club Fulham and Everton have shown interest in Ghanaian forward Ernest Nuamah ahead of the transfer deadline day.
The 20-year-old winger inked a permanent deal to join Olympique Lyonnais in the summer transfer window.
It is however unclear if he would be joining any of the clubs on loan, having just made his move to France a permanent one. Nuamah has featured in the two opening games of Lyon in Ligue 1 this season.
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Source: YEN.com.gh
