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 the club’s women’s team and his 43 per cent stake in Crystal Palace for £190m, it has been ruled as not enough.
Lyon can launch an appeal following the decision by the DNGC, who oversee the accounts of French football clubs.
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