Lyon relegated to Ligue 2 following review of financial situation
Lyon have been demoted to Ligue 2 ahead of the 2025-26 season as a review confirmed their administrative relegation.
Direction Nationale du Controle de Gestion (DNCG, the body responsible for overseeing the finances of French football clubs) confirmed via the Ligue de Football Professionnel (French football's governing body) that Lyon would be relegated but no action would be taken against Monaco, Nantes and Paris FC.
Advertisement
Lyon will have the chance to appeal the decision.
In November, the DNCG handed Lyon a provisional administrative relegation to Ligue 2, the second division of French football, and would observe a transfer ban in January following an audit of their finances.
That relegation was provisionally based on Lyon, who won seven Ligue 1 titles between 2001-02 and 2007-08, failing to satisfactorily improve their financial situation before the end of the season — which officially concludes on June 30.
John Textor, whose Eagle Football Group owns a 77 per cent stake in Lyon, said in November there was 'no chance' the club would be relegated.
Montpellier, St-Etienne and Reims were all relegated from Ligue 1 in 2024-25, with Lorient, Paris FC and Metz promoted to the top flight.
Textor has agreed a deal to sell Eagle Football's 43 per cent stake in Crystal Palace to Woody Johnson, the owner of the New York Jets. The sale will have to be ratified by the Premier League, with Johnson being the subject of the league's owners' and directors' test, a process which typically takes around two months.
The DNCG determined in July 2024 that Bordeaux be relegated two divisions to the fourth tier, losing their professional status, due to their financial situation. The previous year, Sochaux were administratively relegated to the third tier.
Textor, 59, also owns controlling stakes in Brazilian club Botafogo and RWD Molenbeek of Belgium.
Nancy successfully appeal against the DNCG's decision to relegate the club two divisions to the fifth tier in 2023.
()
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Car and Driver
36 minutes ago
- Car and Driver
BMW to Replace Carbon Fiber with Flax-Based Alternative on New M Cars
BMW is preparing to ditch carbon fiber in favor of a new natural alternative made from flax-based composites. The automaker partnered with Bcomp, a clean-technology company that has been helping BMW implement the material in its race cars since 2019. BMW says the flax-based composite now passes the regulatory requirements of roof structures for vehicle homologation. If you've inspected a BMW M product built within the last five-or-so years, you're probably aware that the Munich-based company enjoys implementing carbon fiber into its cars. And not in small amounts. So you might be shocked to learn that BMW is currently looking to make carbon fiber a thing of the past. But it's not without reason, because the company is planning to replace the magic composite with a new natural alternative made from a flax-based composite. Goodbye, Carbon Fiber Back in 2019, BMW began working with Bcomp, a clean-technology company that the German automaker owns stake in, to implement the flax-composite in its Formula E cars. After that proved successful, the automaker began replacing carbon-fiber-reinforced-plastic components on its M4 DTM and M4 GT4 cars. BMW Now, BMW has confirmed that the flax-based fiber has been "confirmed for series maturity," which, in common parlance, just means that it's ready for mass production. According to the company, replacing carbon-fiber pieces with the natural alternative will reduce the CO2e emissions of future BMW products. Specifically, the company says replacing carbon-fiber roof panels with the flax-composite alternative reduces CO2e emissions by around 40 percent. There are also end-of-life benefits that could help BMW skirt the European Union's recently weighed proposal to add carbon fiber to its list of hazardous materials. BMW BMW While BMW hasn't come forward with any head-to-head comparisons of how the new material sizes up to the tried-and-true carbon fiber, it's instead continuing to prove its effectiveness in racing. BMW's M4 GT4 EVO claims class victory over the weekend in the SP10 class at the 24 Hours of Nürburgring. Jack Fitzgerald Associate News Editor Jack Fitzgerald's love for cars stems from his as yet unshakable addiction to Formula 1. After a brief stint as a detailer for a local dealership group in college, he knew he needed a more permanent way to drive all the new cars he couldn't afford and decided to pursue a career in auto writing. By hounding his college professors at the University of Wisconsin-Milwaukee, he was able to travel Wisconsin seeking out stories in the auto world before landing his dream job at Car and Driver. His new goal is to delay the inevitable demise of his 2010 Volkswagen Golf.
Fox News
an hour ago
- Fox News
Jeff Bezos and Lauren Sánchez celebrity-filled party has venue shake-up: report
Jeff Bezos and fiancée Lauren Sánchez have decided to change one of their wedding venues in Venice because of security concerns and possible protests, according to reports. The couple had planned to hold a wedding party at the historic Scuola Grande della Misericordia in the Cannaregio section of the city, but are now moving it to the harder-to-reach Arsenale, a former shipyard, which is completely surrounded by water and only reachable by boat when connecting bridges are raised, BBC News and Reuters reported. The city in recent days has seen increasing protests by people concerned celebrity guests will overrun Venice with private jets and yachts. Other protesters also disagree with the Amazon founder's politics. A number of celebrities are invited to the wedding festivities, which remain a secret but are expected to kick off on Thursday and end Saturday in the picturesque Italian city. Ivanka Trump and Jared Kushner arrived in Italy on Tuesday ahead of the festivities. The couple traveled by boat from the Marco Polo airport in Venice to the St. Regis hotel. Trump wore an off-white cropped top with a matching long skirt. The outfit featured red-orange detailing. Kushner kept it casual with a linen button down and khaki pants. The former government advisor to father-in-law Donald Trump accessorized with sunglasses and a New York Yankees ball cap. Philanthropist and fashion designer Diane von Fürstenberg also arrived in Italy on Tuesday. The Belgian fashion designer wore a colorful striped suit with a black top underneath as she arrived at Venice's Marco Polo Airport. Bezos and Sánchez debuted their relationship in 2019 after Sánchez separated from Hollywood agent Patrick Whitesell and Bezos divorced his ex-wife Mackenzie Scott. The couple's engagement was announced in May 2023. Bezos proposed using a 30-carat pink diamond ring estimated to be worth between $3 million and $5 million. Between 200 and 250 guests, including many rumored celebrities like Kim Kardashian, Katy Perry and Leonardo DiCaprio, are expected to attend. "No Space for Bezos," the group leading the protests, has more demonstrations planned for Saturday in the city. The group also took credit for forcing the wedding venue to move. "The news that Bezos has run away from the Misericordia is a great victory for us," Tommaso Cacciari, a leader of the "No Space for Bezos" campaign, told Reuters. The protests were criticized by the president of the Veneto region, which includes Venice, Luca Zaia, who said the wedding festivities could bring tens of millions of dollars in much-needed revenue to the city. The couple, on their wedding invitation, asked guests to make donations to three Venetian charities in lieu of gifts, according to Good Morning America. The charities include the UNESCO Venice office, to "safeguard this city's irreplaceable cultural heritage," CORILA "to restore the vital lagoon habitats that protect Venice's future" and Venice International University "to support research and education for sustainable solutions." The couple have also pushed back on the idea that their nuptials will overrun the city, which is already crowded with tourism. The couple's wedding planners told Fox News Digital that Bezos and Sánchez specifically instructed them to minimize the disruptions to the best of their ability out of respect to the locals. "As event organizers who have been working in Venice for over 24 years, we feel obliged to set the record straight given the misinformation, untruths and misunderstandings circulating about the Bezos wedding," the team at Lanza & Baucina Limited said in a statement. "From the outset, instructions from our client and our own guiding principles were abundantly clear: the minimizing of any disruption to the city, the respect for its residents and institutions and the overwhelming employment of locals in the crafting of the events. "Rumors of 'taking over' the city are entirely false and diametrically opposed to our goals and to reality," the statement continued. "No exaggerated quantity of water taxis or gondolas have ever been booked, the number of taxis reserved being proportionate for the number of guests. Before the recent news of protests arose, we had worked for there to be minimal negative impact or disruption to the lives of Venetians and the city's visitors. "We have always acknowledged the wider debate and critical issues surrounding the city's future, and from the outset our client has been honored to support the city and its all-important lagoon through non-profit organizations and associated projects," the statement concluded.
Washington Post
an hour ago
- Washington Post
Australian teenager Gout Gout lowers his national record in the 200 in his first pro race in Europe
OSTRAVA, Czech Republic — Gout Gout is 17 , he's being compared with Usain Bolt and he has lowered his national record in his first professional race in Europe. The Australian high school senior improved his own national record when he won the 200 meters at the Golden Spike meet in Ostrava in 20.02 seconds. It's not the fastest he's ever run over the half-lap sprint, but it's gaining him more attention.
