Olympique Lyonnais Listings Majority Squad for Transfer to Meet Financial Goals

French Ligue 1 club Olympique Lyonnais is placing most of its squad on the transfer market to meet a financial target of raising 100 million euros before the transfer window closes. Despite spending 134 million euros recently, they still need 75 million euros to avoid financial restrictions.

French Ligue 1 club Olympique Lyonnais has put most of its squad up for transfer in a bid to meet their financial sales target before the close of the transfer window, as reported by French newspaper L'Equipe on Thursday.

In response to L'Equipe's report, an Olympique Lyonnais spokesperson declined to comment on market rumors but confirmed that the club aims to raise 100 million euros ($111 million) and still needs 75 million euros to hit their target.

Having spent 134 million euros over the past two months, more than any other French club, Lyon recently bought defender Moussa Niakhate for a club-record 34 million euros from Nottingham Forest and sold defender Mamadou Sarr to Racing Club de Strasbourg for 10 million euros.

Last month, Lyon assured Ligue 1's financial authority of their commitment to raising 100 million euros in sales this summer to avoid further restrictions. The club, owned by Eagle Football Group, raised over 300 million euros last December to refinance their debt.

John Textor, the American businessman who controls Eagle Football Group, has shown interest in selling his stake in Crystal Palace to acquire Everton.

(With inputs from agencies.)