Overview
- The DNCG appeals commission overturned Lyon’s June 24 administrative relegation and confirmed its place in Ligue 1 for 2025-26.
- The club must now operate under DNCG-imposed caps on its payroll and transfer budget as a condition of its reinstatement.
- Shareholders injected €83 million in fresh equity, mandatory loan options generated €19.5 million and PSG advanced €50 million from the Barcola transfer to shore up finances.
- John Textor stepped aside as club president on June 30, with Michele Kang and Michael Gerlinger installed to lead the emergency financial restructuring.
- Lyon is required to implement an austerity plan and await UEFA’s review of its multiproperty structure before finalizing its Europa League participation.