Lyon’s American owner John Textor has insisted there is “no chance” the French side will be relegated from Ligue 1. Textor spoke for two hours at a hastily arranged press conference on Saturday in response to Friday’s decision to provisionally relegate the seven-time French champions to Ligue 2.

Lyon owner John Textor has hit out at the club's "enemies" amid the French side facing relegation from Ligue 1 due to financial problems.

On Friday morning, Olympique Lyonnais met with the DNCG, French football’s financial watchdog, for their midseason review. Leading up to the review, there had been some concerns that Lyon could

The American billionaire was open in his interest to buy Everton, but is currently dealing with huge financial problems at Lyon

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.

Seven-time French champion Lyon risks relegation to the second tier at the end of the season and has been hit with a transfer ban because of financial irregularities. The decision to provisionally relegate Lyon to Ligue 2 followed an audit of the club's finances by the French league's soccer watchdog,

Olympique Lyon faces provisional relegation to Ligue 2 by DNCG over financial irregularities, with a transfer ban and salary oversight imposed. Owner John Textor remains optimistic about avoiding demotion as the club races to resolve its financial crisis.

French giants Lyon have been handed a provisional relegation to Ligue 2 and hit with a transfer ban. This comes after the Direction Nationale du Control de Gestion (DNCG) conducted an audit of the club’s finances.