US EditionKang Replaces Textor at OL with Palace's Fate Remaining Uncertain - Inside World Football
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8 Articles
Few were really surprised by the French Football Federation's decision to relegate Lyon to Ligue 2 due to serious financial problems, but what happened a few days later certainly was.
No last-minute rescue. A new head adds to the DNCG's hunting table: the club...
Kang replaces Textor at OL with Palace's fate remaining uncertain - Inside World Football
July 1 – Michelle Kang has taken over at troubled French club Olympique Lyonnais, which under the ownership of John Textor has been relegated to Ligue 2 on a provisional basis by domestic financial watchdog the DNCG over financial irregularities. The club announced the news on Monday. Textor has stepped down with the American businesswoman taking over as the president of the seven-time French champions. South-Korea-born Kang has served on Lyon…
The time for the great change has come at Olympique Lyonnais! Relegated to Ligue 2 by the DNCG, pending the final decision of the appeal, the Rhodanian club now chaired by Michele Kang will take a lot of steps to get out of this situation. In its edition of the day, the team announces that with the aim of making savings, Michele Wang would have commissioned Chris Mallon, specialist in corporate restructuring, in order to find lasting solutions t…
OL - Olympic LyonnaisOL - Olympic LyonnaisL的Olympique Lyonnais tightens the belt. Finally, especially that of its players who will stay. In Ligue 2 as in Ligue 1. Ligue 1 or Ligue 2 for Lyon ? L的OL should be able to save themselves. But according to L的Team, the club will no longer be able to pay more than € 200 000 per month from next season. A strong decision, taken by the new management to clean up the finances. The wage bill, which reached € …
The owner of the OM, Frank McCourt, referred to the demotion of OL in Ligue 2. The OL player was relegated to Ligue 1 by the DNCG while no one was expecting it. The financial gendarme of the French football confirmed the sanction after a first warning at the end of 2024. If the OM is going to appeal, for the moment the decision is taken. In an interview granted in the Sunday Journal, the owner of the OM, Frank McCourt referred to this situation …
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