Lyon's Olympique lost the category.
Photo: AFP – Remy Gabalda
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The Olympique de Lyon, a historic French football team, was relegated to the Second Division of the France Championship by the National Management Control Directorate (DNCG) for imbalances in its accounts, announced on Tuesday the French Professional Soccer League (LFP).
During the hearing this Tuesday afternoon, the club failed to convince the body that ensures the financial control of French football to raise the measures imposed in November, including an administrative decrease to Ligue 2 in suspense.
The owner of the Lyon, the American John Textor, had been confident before presenting in front of the DNCG, after seven months of efforts to balance the club's accounts.
“We have made several investments in recent weeks. Everything is fine at the economic level,” said the businessman recently, who is also president of the Eagle Football Holding (EFH) structure, of which the Brazilian Botafogo is also part.
On Monday, he had obtained an agreement for the transfer of his participation in the English Club Crystal Palace to the American businessman Robert Wood Johnson, owner of the New York Jet football team, an estimated transaction in 190 million pounds (255 million dollars) for the BBC.
In addition to a volunteer low plan for a hundred employees, the Club parallel its salary mass with the end of onerous contracts such as Alexandre Lacazette and Anthony Lopes, and transferred Maxnce Caqueret to like 1907 from Italy and Rayan Cherki to Manchester City.
Lyon still has an extra letter, as it can file an appeal. However, if his descent is confirmed, his place in Ligue 1 would pass to Reims, defeated by the Metz in the Play-Off.
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