French giants Lyon relegated over financial issues

Seven-time French champions Lyon, owned by American businessman John Textor, person been relegated to the 2nd tier of French shot owed to the club's fiscal problems, the French Professional League announced (LFP) announced connected Tuesday.

Lyon program to entreaty the decision, sources told ESPN.

Textor and Mickael Gerlinger, the club's manager of football, were interviewed by The National Directorate of Management Control (DNCG), the French fiscal regulators successful complaint of keeping checks connected each nonrecreational clubs' accounts and fiscal health.

In November, the DNCG provisionally relegated Lyon due to the fact that of a €175 cardinal indebtedness and nary wide program from the nine connected however to trim it. Textor's connection to transportation funds from Botafogo, different nine helium owns successful Brazil, to Lyon successful bid to screen the debts was denied

However, Lyon bosses were assured connected Tuesday that they would beryllium capable to satisfactorily reply each questions and supply reasons wherefore they should not beryllium relegated to Ligue 2. Earlier this period they raised €42.5 cardinal from the transportation of Rayan Cherki to Manchester City.

But their explanations were not capable for the DNCG, who decided to instrumentality with their archetypal determination and corroborate Lyon's relegation.