Lyon relegated for 550 million debts! Shocking decision in France, it's chaos
Too many debts and failed checks: shock in France, Olympique Lyon has been demoted to Ligue 2. This is the sensational decision taken today by the DNCG (National Directorate of Control and Management) after examining the file relating to the club. According to the French press, the club's president John Textor and general manager Michael Gerlinger were heard by the competent bodies but their reasons were not considered sufficient. Ergo, administrative relegation that had already been decided on November 15 and so far averted. Lyon will now appeal but the company's 550 million in debt seem an insurmountable obstacle to overcome.
The financial earthquake and the difficulties of the seven-time French champions have obviously gone around the world and the decision will have a devastating impact on French football. It was not enough to sell so many players from the first team between January and June - Benrahma, Anthony Lopes and Maxence Caqueret in the winter, joined this summer by Rayan Cherki to Manchester City -, now they have to deal with what is now shaping up to be a real disaster. Several jewels of the French team will now leave at bargain prices: from Georges Mikautadze, the last great jewel left, to the ex-Roma Veretout and Matic, from Moussa Niakhatè to Malik Fofana .
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