Ernest NUAMAH of Lyon during the Ligue 1 Uber Eats match between Olympique Lyonnais and Football Club de Nantes at Groupama Stadium on December 20, 2023 in Lyon, France. (Photo by Loic Baratoux/FEP/Icon Sport via Getty Images)
French giants Olympique Lyonnais have officially been relegated to Ligue 2, following a meeting with the DNCG.
The seven-time Ligue 1 winners will now take part in the second-tier competition in France.
Lyon were initially handed a provisional relegation to the second division in the last meeting with the French football financial body.
This was due to the financial situation they found themselves in, with the demotion now confirmed as the situation hasn’t improved.
In order to try and convince the DNCG that the financial situation at the club had significantly improved, Eagle Football Group attempted several levers.
John Textor sold his shares in both Premier League club Crystal Palace and the Lyon women’s team, but it still wasn’t enough.
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