Lyon is appealing their relegation to Ligue 2, initiated by financial sanctioning from the DNCG due to significant debt and wages. The club requires a cash injection of €100 million, alongside another €100 million as a guarantee for two years, to potentially return to Ligue 1. The appeal impacts Crystal Palace's opportunity for European competition, as Lyon's relegation would force them to withdraw from the Europa League. John Textor, Lyon's former president, has stepped down amid financial turmoil, with Michele Kang taking leadership. A verdict from the appeal hearing is expected shortly.
Lyon need a cash injection of €100m and a further €100m guarantee for the next two years to potentially secure their place back in Ligue 1.
If Lyon's relegation is upheld, they will have to withdraw from the Europa League, as UEFA has stated they are not allowed to play in Europe under those circumstances.
John Textor was forced to step down from his role due to financial instability, with Michele Kang now in charge, bringing new leadership amid the crisis.
The appeal is crucial for both Lyon and Crystal Palace, as Lyon's retention in Ligue 1 directly affects Palace's eligibility for European competition.
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