Audio By Carbonatix
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.
Latest Stories
-
Bristol University threatened with legal action after protest at academic’s talk
39 seconds -
US launches review of advanced Nvidia AI chip sales to China, sources say
15 minutes -
2 nurses, security guard arrested over alleged baby theft at Tamale hospital
26 minutes -
Elon Musk becomes first person worth $700 billion following pay package ruling
38 minutes -
Fussy eaters and TV remote hogs: How to avoid family rows over Christmas
50 minutes -
Singing at school shouldn’t just be for Christmas, teachers say
1 hour -
Pan-African Progressive Front Advances Reparatory Justice at Accra Diaspora Summit
1 hour -
Japan prepares to restart world’s biggest nuclear plant, 15 years after Fukushima
1 hour -
India express train kills seven elephants crossing tracks
1 hour -
TTU’s number-one ranking due to research commitment – Vice-Chancellor
1 hour -
US pursuing third oil tanker linked to Venezuela, official says
2 hours -
At least 13 photos removed from justice department Epstein files website
2 hours -
Margins sets example in Urban Renewal and Climate Resilience
2 hours -
Rights groups condemn new record number of executions in Saudi Arabia
2 hours -
Another 130 abducted schoolchildren released in Nigeria
2 hours