Lyon, a prestigious club with seven French championships, has been relegated to Ligue 2 due to severe financial strains, highlighted by a staggering €175 million debt. Owner John Textor's previous proposals, such as transferring funds from his Brazilian club Botafogo, were rejected by financial regulators. Although Lyon successfully raised €42.5 million from a player transfer, the DNCG upheld their relegation decision, leaving Lyon's management seeking to overturn the ruling through an appeal while addressing their financial instability.
Lyon's relegation to Ligue 2, attributed to €175 million debt and inadequate financial planning, highlights the pressing concerns of financial health in professional football.
Despite raising €42.5 million from a recent transfer, Lyon's appeals to the DNCG for reconsideration of their relegation decision have so far been unsuccessful.
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