French giants Lyon 'provisionally relegated' in sanction that could impact Premier League side Crystal Palace
Yesterday at 03:04 PM
Olympique Lyonnais have been provisionally relegated from Ligue 1 due to their ongoing financial issues, according to reports.
The French club have also been given a transfer ban after racking up more than £500million in debt.
According to French outlet L’Equipe, the club were due to appear before France's financial watchdog, the DNCG, on Friday morning.
This was to discuss the future of its operations.
The club, whose majority owner is Crystal Palace co-owner John Textor, are said to have been confident they could convince the DNCG that Lyon will be in a better financial situation come the end of the season.
Now, though, the club have reportedly been handed sanctions, with them needing to get their finances in line before the end of the season to avoid relegation.
It's believed they need circa €100m in revenue.
Their payroll is now also controlled by the DNCG.
Lyon sit fifth in Ligue 1.
Breaking news. More to follow.
