Lyon were handed a provisional RELEGATION to Ligue 2 on Friday by the French football watchdog – the DNCG – as a result of financial mismanagement under owner John Textor.
The storied Ligue 1 side were also BANNED from making any transfers in the upcoming January window with their current debt standing at over €500m.
The relegation will come into effect at the end of the season unless the club demonstrates a better economic outlook following a hearing between the watchdog and club officials.
The club will also be operating under a salary budget limit and Textor took to the stage on Saturday in order to provide an update on the club’s financial status.
