Seven-time French champions Lyon, owned by American businessman John Textor, have been relegated to the second tier of French soccer because of the membership’s monetary issues, the French Skilled League introduced (LFP) introduced on Tuesday.
Lyon plan to enchantment the choice, sources advised ESPN.
Textor and Mickael Gerlinger, the membership’s director of soccer, have been interviewed by The Nationwide Directorate of Administration Management (DNCG), the French monetary regulators accountable for preserving checks on all skilled golf equipment’ accounts and monetary well being.
In November, the DNCG provisionally relegated Lyon due to a €175 million debt and no clear plan from the membership on find out how to scale back it. Textor’s proposal to switch funds from Botafogo, one other membership he owns in Brazil, to Lyon with a view to cowl the money owed was denied
Nonetheless, Lyon bosses have been assured on Tuesday that they might be capable to satisfactorily reply all questions and supply the reason why they shouldn’t be relegated to Ligue 2. Earlier this month they raised €42.5 million from the switch of Rayan Cherki to Manchester Metropolis.
However their explanations weren’t sufficient for the DNCG, who determined to stay with their authentic resolution and ensure Lyon’s relegation.
