Another one of the old great French clubs in trouble
Lyon have been handed a severe sanction by the DNCG – Direction Nationale du Contrôle de Gestion. The French football financial watchdog has decided to hit the John Textor-owned Ligue 1 club with a provisional Ligue 2 relegation as well as a transfer ban and the supervision of their wages. Such an outcome was expected considering that the Ligue 1 club’s debt reportedly rose from €458 million to €508 million. Textor reportedly said to the DNCG today that Lyon would be able to sell players – or Botafogo players, with the Brazilian outfit also part of the Eagle Football Group portfolio – as well as a 45 % share in Premier League side Crystal Palace to balance the books.
Despite the American businessman’s confidence that the meeting with the DNCG went well, the financial watchdog evidently did not agree. As it stands, Lyon will be relegated to Ligue 2 if their financial situation does not improve dramatically. Les Gones might be forced to sell their prized assets, including France U21 international attacking midfielder Rayan Cherki (21) or Belgian international winger Malick Fofana (19) on a cheap this winter transfer window.
Discuss Olympique Lyon in the World Football area at TalkCeltic.net.
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Get In for someif their players now lolll
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Lyonniste Olimpico Liyonês
A topic just for us, that's the good thing! :57:
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Crazy. How can clubs like Lyon and Bordeaux be run so bad??
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See if we can get nuamah or mikautadze
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The DNCG has decided to relegate OL to Ligue2 as a precautionary measure at the end of the current season. Additionally, the club will face restrictions on salary management and a ban on recruitment.
Textor who has a 45% stake in Crystal Palace and other clubs including Botafogo seemed to believe the DNCG would go light (relegation threat at end of season) in order to cover around 100M in debts they have accumulated (OL has 2nd highest wage bill in Ligue 1, behind the Qatari club he blames for the severe ruling)
Despite warnings from DNCG on debts since last season and chronic debts starting in 2020, Textor still has to balance the books after increase to 145M in recruitment debts, with only 40M in sales (Basis for firing SD, Friio). Debts grew despite their revenues increasing year to year
His EAGLE holdings must find 130M to avoid relegation via:
1) 100M transfers of players across all clubs held by EAGLE
2) 100M via New York Stock Exchange to inject cash to absorb portion of debt (already noted in their 23’-24’ financial report)
3) 75M equity injection
4) Crystal Palace sale: 200M - seemingly improbable for a minority stake
5) Champions League qualification: 20M - less likely with financial & recruitment restrictions
I see relegation as inevitable along with a fire sale for players like Cherki or Almada who has yet to appear in shirt -
scotsbhoy1
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Tessman and tagliafico we should definitely be going for
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Wee Baldy
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How's their LB ?