Olympique Lyon's Financial Woes: A Race to Avoid Relegation

Olympique Lyonnais faces relegation from Ligue 1 due to financial mismanagement unless they resolve the issue by January's transfer window. The DNCG has restricted their signings and will supervise their payroll. Owner John Textor remains confident in their future financial performance and denies squad transfer market claims.

French club Olympique Lyonnais is under severe financial scrutiny and faces relegation from Ligue 1 if financial issues aren't resolved before the January transfer window. The club, owned by John Textor, cannot make new signings as per the financial restrictions placed by France's National Directorate of Management Control (DNCG).

The DNCG will also supervise Lyon's payroll. John Textor, who also co-owns clubs in Brazil, Belgium, and England, remains optimistic. He assured that the group's solid financial figures would generate surplus cash in the coming months, strengthening their long-term sustainability.

Earlier reports suggested that Lyon had listed most of their squad for transfers to raise funds, a claim denied by Textor. Lyon fans anxiously await the club's next financial moves, given its substantial summer transfer spending and looming financial targets.

(With inputs from agencies.)