Olaleye Idowu
French Ligue 1 club Lyon has been severely sanctioned by the Direction Nationale du Contrôle de Gestion, DNCG.
On Friday, The French financial watchdog decided to hit Lyon with a provisional Ligue 2 relegation, a transfer ban, and the supervision of their wages.
The outcome was expected considering Lyon’s debt reportedly rose from €458 million to €508 million.
The John Textor-owned Ligue 1 club will be relegated to Ligue 2 if their financial situation doesn’t improve dramatically.
Lyon might be forced to sell their prized assets, including midfielder Rayan Cherki.
