French Ligue 1 powerhouse Lyon have been provisionally relegated to Ligue 2 and slapped with a transfer ban due to escalating financial troubles.
Lyon face relegation to Ligue 2 at the end of the season if they fail to resolve their financial issues
Lyon’s owner, John Textor, also co-owns Premier League side Crystal Palace and holds a majority stake in Brazilian club BotafogoJournalist Fabrizio Romano reports that the relegation will only take effect at the end of the season if the club fails to stabilize its finances by then.With the club falling short of expectations, selling key players has become a likely option to address the deficit. However, even that might not be sufficient to restore financial stability.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DHET clarifies Educor's provisional reinstatement statusLast week, Michael Thurley, the chief operating officer at Educor explained that registration had been fully restored after the institution was banned in March after they failed to provide tax clearance certificates and annual financial statements.
Read more »
French Ligue 1 side edge ahead in race for Bafana Bafana star!A Bafana Bafana star who was recently scouted by a Belgian side is now reportedly on the radar of a French topflight side!
Read more »
Orlando Pirates to face SuperSport without FOUR key playersOrlando Pirates will host SuperSport United at the Orlando Stadium on Tuesday without several key players.
Read more »
T20 World Cup final heartbreak as Proteas Women crumble in the face of New Zealand pressureIt was another bridge too far for the Proteas Women after they also fell at the final hurdle at the previous T20 World Cup final on home soil against Australia in 2023.
Read more »
Former Rivals Face Off In Senegal's Parliamentary ElectionsFormer president Macky Sall and Prime Minister Ousmane Sonko will face off again in this weekend's parliamentary polls as both men lead separate coalitions to secure a parliamentary majority.
Read more »
Man City face injury ’emergency’: GuardiolaMan City manager Pep Guardiola said after the 2-1 defeat to Tottenham that he had just 13 senior players available.
Read more »