Lyon relegated to Ligue 2 after an audit by French football financial watchdog; seven-time French champions will appeal against decision; Lyon are owned by John Textor, who has sold his stake in Crystal Palace to New York Jets owner Woody Johnson; Lyon finished sixth in Ligue 1 last season
French giants Lyon have confirmed they will appeal against the "incomprehensible" decision to relegate them to Ligue 2 after failing to convince authorities they have resolved their financial difficulties.
The seven-time French champions were hit with a provisional relegation back in November after racking up massive debts, and although they have since sold a number of first-team players, French football watchdog the National Directorate of Management Control (DNCG) upheld the relegation following meetings on Tuesday.
Lyon are owned by John Textor, and the decision to relegate them comes a day after the American businessman sold his stake in Crystal Palace to New York Jets owner Woody Johnson.
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| Lyon owner John Textor has sold his stake in Crystal Palace |
'A massive earthquake for French football - and Textor is to blame'
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| Lyon can appeal against the decision to relegate them to Ligue 2 |
"They will appeal now, but the thing is, they won't have much time between now and the appeal to put a plan in place that was different from the one they presented today.
"They sold Rayan Cherki to Manchester City - that was part of the plan. (But) you can't take money off Botafogo to just put it on the Lyon account. They've been trying to put a plan like that together, but that didn't work.
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| Lyon sold Rayan Cherki to Man City this summer for £34m |
"Now, I'm just not sure what else they can do apart from maybe selling Malick Fofana to an English club, maybe another player or two. But again, they will be really running against the clock, and other clubs will also know that they need money very quickly, so they won't be in a powerful position in terms of transfer markets and transfer fees.
"I'm actually quite worried now because we've seen in the past clubs who were relegated, then appealed, then find a way with new investors, money coming in from one way or another, to stay up. But for Lyon, the clock is ticking massively now.
"It's terrible. Since John Textor took over and bought the club from Jean-Michel Aulas, who is this historic figure in Lyon who took the club mid-table in the second division in the mid-eighties to seven league titles in a row and the semi-finals of the Champions League, to this now, to being relegated to the second tier in France.
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"John Textor's made this club a mess. There's no other way of putting it. He's been one of the worst owners, spending money everywhere, sacking managers, hiring the wrong managers.
"I just don't know how you get out of this. If you're Lyon, this is a terrible position to be in."
Textor sells Palace stake
- Sky Sports













