French giants Lyon relegated to Ligue 2 over financial issues
Seven-time French champions Lyon, owned by American businessman John Textor, have been relegated to the second tier of French football due to the club’s financial problems, the French Professional League announced on Tuesday evening. Lyon, who finished sixth in Ligue 1 and reached the quarterfinals of the Europa League last season, plan to appeal the decision in the hopes of retaining their top flight status.
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