Overview

• The French Professional League announced on June 24 that the DNCG had confirmed Lyon’s drop to the second tier for failing to meet financial requirements
• The club was first provisionally demoted in November after regulators flagged approximately €175 million in debt and questioned its funding plan
• Lyon generated cash by selling Rayan Cherki to Manchester City and Maxence Caqueret to Como but could not persuade the DNCG to lift its restrictions
• Owner John Textor sold his 43 percent stake in Crystal Palace a day before the ruling, a move that may secure Palace’s Europa League qualification
• Lyon will contest the decision at the LFP appeals commission and, if the relegation stands, Stade de Reims would return to Ligue 1