US EditionLyon Stave Off Relegation After Successful Appeal
RHÔNE, AUVERGNE-RHÔNE-ALPES, JUL 9 – Olympique Lyonnais must reduce wage and transfer budgets after overturning relegation despite a €540.7 million net debt and €117 million loss, the financial watchdog said.
- On Wednesday, Olympique Lyonnais won their appeal, overturning relegation and securing Ligue 1 and Europa League qualification.
- Facing financial woes, Lyon's €540.7 million debt and a €117 million loss led to their initial relegation by the DNCG last month.
- Following the appeal, the French Football Federation imposed strict wage and transfer fee limits, with Lyon expressing gratitude for the decision’s role in rebuilding trust.
- Olympique Lyonnais confirmed their Ligue 1 and Europa League participation as pre-season began ahead of August’s match at Lens.
- Under new leadership, Lyon's president Michele Kang says the club's successful appeal is 'the first step in restoring confidence in Olympique Lyonnais' and securing their future in Ligue 1.
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The American, named president of OL after the demotion to Ligue 2 of the club, allowed Lyon to save his skin in Ligue 1 on appeal.
Weeks ago, the French Federation decided that Lyon must be relegated to the second division due to its high debt, and since November last year, the club has also been under special financial supervision.
After a successful appointment, Olympique Lyon is allowed to remain in the highest French league, but the terms remain strict.
The French Football Federation on Wednesday overturned the suspension of French top-flight club Olympique Lyon.
Because of financial problems, Olympique Lyon was to be reclassified in France's second league, but now the financial authority has been able to change, which is bad news for an English Premier League club.
Lyon's management has won an appeal against the fine imposed on them by the French Professional Football Leagues (LFP). The club will be able to remain in the top flight.
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