FRENCH giants Lyon have been relegated to the second division.
The decision comes due to debts racked up by their owner John Textor’s Eagle Football Group.
American businessman Textor announced debts of £422million last year.
Lyon were hit with a provisional relegation to Ligue 2 back in November if their finances did not improve.
But despite Textor selling his share of the Lyon’s women’s team and his 43 per cent stake in Crystal Palace for £190m, the French FA have ruled it not enough.
THIS IS A DEVELOPING STORY..
The Sun is your go to destination for the best football, boxing and MMA news, real-life stories, jaw-dropping pictures and must-see video.Like us on Facebook at https://www.facebook.com/TheSunFootball and follow us from our main Twitter account at @TheSunFootball.
