The decision was confirmed by DNGC, with Lyon set to appeal
\n Lyon
\nFrench football club Lyon has been relegated to Ligue 2 due to ongoing financial difficulties.
\nLyon\u2019s demotion was confirmed by the DNGC, the French body responsible for overseeing the financial health of professional football clubs.
\nDespite meetings between Lyon officials, including owner John Textor, and the DNGC on June 24, the club was unable to convince the body that their financial situation had sufficiently improved to reverse the decision.
\nLyon\u2019s debts, which stood at \u00a3422m last October, have been a source of concern for the governing body, and despite recent efforts to raise funds through player sales, the club\u2019s financial future remains precarious.
\nThe club, which has won seven Ligue 1 titles, including a historic seven consecutive championships between 2002 and 2008, has not played in Ligue 2 since 1989.
\nLyon\u2019s relegation could have wider repercussions for Premier League side Crystal Palace. Textor, who holds a majority stake in Lyon, also owns a 43% share in Palace.
\nHowever, he agreed to sell this stake to New York Jets owner Woody Johnson earlier this week.
\nUEFA rules prevent multiple clubs under the same ownership from competing in the same European competition, meaning that Palace\u2019s spot in the Europa League could be jeopardised if Lyon\u2019s relegation is upheld and Uefa deems the multi-club ownership as a breach of regulations.
\nLyon officials expressed confusion over the decision, calling it \u201cincomprehensible,\u201d and have announced plans to appeal the ruling.
\nThe club\u2019s statement also pointed to recent efforts to resolve their financial issues, such as player sales, including the \u00a345m earned from selling Maxence Caqueret to Como and Rayan Cherki to Manchester City, as well as the release of high-earning players like Alexandre Lacazette.
\nDespite these efforts, the DNGC\u2019s decision stands for now.
\nLyon\u2019s relegation comes just months after the financial struggles faced by Bordeaux, another French club relegated from Ligue 1 due to similar financial problems.
\nAs Lyon prepares for their appeal, the outcome could have lasting implications, not just for the French club, but also for Crystal Palace, as they await clarity on their participation in European competitions next season.<\/p>\n","protected":false},"excerpt":{"rendered":"
The decision was confirmed by DNGC, with Lyon set to appeal Lyon French football club Lyon has been relegated to Ligue 2 due to ongoing financial difficulties. Lyon\u2019s demotion was confirmed by the DNGC, the French body responsible for overseeing the financial health of professional football clubs. Despite meetings between Lyon officials, including owner John […]<\/p>\n","protected":false},"author":2,"featured_media":486613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-486614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\n