Olympique Lyonnais demoted to Ligue 2
June 24 (Reuters) - French club Olympique Lyonnais (EEFG.PA), opens new tab on Tuesday were relegated to Ligue 2, after an audit by the French football financial watchdog DNCG.
Lyon, who finished sixth in Ligue 1 last season, were provisionally demoted by the DNCG in November for financial mismanagement and the decision was confirmed on Tuesday.
Lyon are owned by John Textor and the decision to relegate them comes a day after the U.S. businessman sold a 43% stake in English club Crystal Palace.
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