French giants Olympia Lyon was relegated to Ligue 2
The French Football Club of Lyon has been relegated to Ligue 2 due to continued financial difficulties. Lyon’s degradation was confirmed by DNGC, the French body responsible for overseeing the financial health of professional football clubs. Despite meetings between Lyon officials, including owner John Textor and DNGC on June 24, the club was unable to convince the body that their financial situation had improved sufficiently to reverse the decision. Lyon’s debts, which amounted to £ 422 million last October, were a source of concern for the administrative body, and despite recent efforts to raise funds through player sales, the club’s
