Overview

• The DNCG relegated Lyon on June 24 for financial shortfalls, requiring the club to raise €200 million by July 10 to avoid demotion
• President Michele Kang and director general Michael Gerlinger must secure €100 million in immediate cash and €100 million in formal guarantees to challenge the ruling
• Former president Jean-Michel Aulas is advising Kang on the funding drive while maintaining impartiality as FFF vice-president
• Lyon has opened talks with investment fund Ares and is considering major player sales, including Mikautadze, Fofana, Tolisso and Perri, to bolster finances
• Failure to satisfy the DNCG’s liquidity and guarantee conditions by the appeal deadline will confirm a drop to Ligue 2 for the 2025-26 season