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The Hindu
an hour ago
- Business
- The Hindu
Why was Ligue 1 club Lyon relegated?
Olympique Lyonnais has been relegated to Ligue 2, French football's financial watchdog (DNCG) said on Tuesday following an audit of the club, which said it would appeal the decision immediately. Olympique Lyonnais acknowledges the incomprehensible decision rendered by the DNCG tonight and confirms that it will immediately file an appeal. In recent months, we have worked closely with the DNCG, satisfying all of its requests with cash equity investments exceeding the… — Olympique Lyonnais 🇬🇧🇺🇸 (@OL_English) June 24, 2025 Lyon was provisionally demoted by the DNCG in November due to the poor state of their finances and the decision was confirmed on Tuesday after a meeting between club owner John Textor and the DNCG. The club criticised the decision in a statement on Tuesday and said it had worked closely with the DNCG, satisfying all their requests. 'Olympique Lyonnais takes note of the incomprehensible decision handed down by the DNCG this evening and confirms that it will appeal immediately,' the club said. 'With demonstrated funds and sporting success that has earned us a place in European competition two years running, we sincerely fail to understand how an administrative decision could relegate such a great French club.' The decision to relegate Lyon comes a day after U.S. businessman Textor sold a 43% stake in English club Crystal Palace. 'Thanks to the equity contributions from our shareholders and the sale of Crystal Palace, our cash position has improved considerably and we have more than sufficient resources for the 2025/26 season,' the Lyon statement added. In October, Textor's Eagle Football Group revealed debts totalling around 422 million pounds ($574.85 million), raising concerns about the French club's financial stability. Since then, Lyon has raised funds by offloading several players, including Maxence Caqueret to Como and Rayan Cherki to Manchester City. The club, however, has been unable to convince the authorities that its financial situation has improved enough to have the sanctions lifted. The 59-year-old Textor gave a positive assessment of their financial position prior to the decision being announced. 'You can see from the contributions of our shareholders, we have invested new capital, not only for the DNCG, but also for our UEFA licensing process. Not to mention the good news of the sale of Crystal Palace. Our liquidity situation has improved considerably,' he told reporters earlier on Tuesday. Lyon, which was crowned French Champions seven times between 2002 and 2008, qualified for next season's Europa League following a sixth-placed finish in Ligue 1. Should the decision stand, Stade de Reims, which was demoted from Ligue 1 in the relegation playoffs after losing to Metz, will take Lyon's spot next season in the French top tier. Neither Reims nor French football's governing body (LFP) was immediately available for comment. Related Topics Lyon / Ligue 1
Straits Times
11 hours ago
- Business
- Straits Times
Seven-times French champions Lyon relegated to Ligue 2
Olympique Lyonnais have been relegated to Ligue 2, French football's financial watchdog (DNCG) said on Tuesday following an audit of the club, which said it would appeal the decision immediately. Lyon were provisionally demoted by the DNCG in November due to the poor state of their finances and the decision was confirmed on Tuesday after a meeting between club owner John Textor and the DNCG. The club criticised the decision in a statement on Tuesday and said it had worked closely with the DNCG, satisfying all their requests. "Olympique Lyonnais takes note of the incomprehensible decision handed down by the DNCG this evening and confirms that it will appeal immediately," the club said. "With demonstrated funds and sporting success that has earned us a place in European competition two years running, we sincerely fail to understand how an administrative decision could relegate such a great French club." The decision to relegate Lyon comes a day after U.S. businessman Textor sold a 43% stake in English club Crystal Palace. "Thanks to the equity contributions from our shareholders and the sale of Crystal Palace, our cash position has improved considerably and we have more than sufficient resources for the 2025/26 season," the Lyon statement added. In October, Textor's Eagle Football Group revealed debts totalling around 422 million pounds ($574.85 million), raising concerns about the French club's financial stability. Since then, Lyon have raised funds by offloading several players, including Maxence Caqueret to Como and Rayan Cherki to Manchester City. The club, however, have been unable to convince the authorities that their financial situation has improved enough to have the sanctions lifted. The 59-year-old Textor gave a positive assessment of their financial position prior to the decision being announced. "You can see from the contributions of our shareholders, we have invested new capital, not only for the DNCG, but also for our UEFA licensing process. Not to mention the good news of the sale of Crystal Palace. Our liquidity situation has improved considerably," he told reporters earlier on Tuesday. Lyon, who were crowned French Champions seven times between 2002 and 2008, qualified for next season's Europa League following a sixth-placed finish in Ligue 1. Should the decision stand, Stade de Reims, who were demoted from Ligue 1 in the relegation playoffs after losing to Metz, will take Lyon's spot next season in the French top tier. Neither Reims nor French football's governing body (LFP) was immediately available for comment. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
13 hours ago
- Business
- Straits Times
Olympique Lyonnais demoted to Ligue 2
FILE PHOTO: Soccer Football - Women's Champions League - Semi Final - Second Leg - Olympique Lyonnais v Arsenal - Groupama Stadium, Lyon, France - April 27, 2025 General view outside the stadium REUTERS/Manon Cruz/File Photo Olympique Lyonnais have been relegated to Ligue 2, French football's financial watchdog (DNCG) said on Tuesday following an audit of the club. Lyon were provisionally demoted by the DNCG in November for financial mismanagement and the decision was confirmed on Tuesday. Lyon, who were crowned French Champions seven times between 2002 and 2008, qualified for next season's Europa League following a sixth-placed finish in Ligue 1. 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. Lyon were not immediately available for comment. According to media reports, the club will be able to appeal the decision. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Arab News
09-05-2025
- Sport
- Arab News
Luis Enrique resting key players in Ligue 1 as PSG chase treble
PARIS: Several key Paris St. Germain players will be rested as the French champions look to ensure they remain fresh for their two finals coming up, including the Champions League showpiece, as they chase a treble, manager Luis Enrique said on Friday. For the latest updates, follow us @ArabNewsSport
BBC News
04-03-2025
- Sport
- BBC News
'We must have the ball more than Liverpool'
Paris St-Germain boss Luis Enrique has stressed his team "must have the ball" more than Liverpool if they are to emerge from Wednesday's Champions League round of 16 first leg with a positive French Champions are in great form, scoring 21 goals in their past four games and sitting 13 points clear at the top of Ligue 1."There are some differences between the two teams," Enrique said in his pre-match news conference. "Liverpool want to attack, but we need the ball. "They maybe don't need the ball as much to impose their game. Each manager tries to do his best."We must have the ball more than them and generate more chances and defend effectively, the same as in all the other matches."We're going to try to keep the ball and not suffer too much on the transitions. If we manage to impose our style of play, we'll manage not to suffer too much."The Reds themselves arrive at the Parc des Princes in good form and know bringing a positive result back to Anfield will give them a strong platform for progression. However, Enrique does not believe the first leg will be decisive."The first match, I don't think it will define who will qualify but it's true that it's a very, very important match for us," he added."It's difficult for our opponents to play at the Parc with the pressure and the atmosphere. It's extraordinary."We are a collective, sometimes it is the substitutes who are the most important. Tomorrow, I could play four or five players and we would not see the difference. That is what makes us stronger. Everyone will have their role."
