French Club Lyon Demoted to Ligue 2 Over Finances
Tired, dry, slightly forgotten on the back of the tray.
Summary
French club Lyon demoted to Ligue 2 due to financial troubles, failing to convince oversight body of improvement.
Key quotes
· 3 pulledFrench club Lyon have been demoted to Ligue 2 because of the poor state of their finances.
Last October, his Eagle Football Group announced debts of £422m.
Lyon officials including owner John Textor, met with the DNGC on Tuesday but failed to convince the body that the club had sufficiently improved their financial situation to lift the punishment.
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