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.

Amid a financial crisis, the DNCG has imposed a transfer ban and provisionally relegated John Textor's Olympique Lyon to Ligue 2. Historic French club Olympique Lyon is grappling with severe financial challenges that have escalated over recent years.

Olympique Lyonnais have been handed a provisional Ligue 1 relegation by the DNCG, who oversee the finances of clubs in France, the LFP have confirmed.

Olympique Lyonnais owner John Textor has confirmed his plans to buy the majority share in an English club during a seminar at Olé Sports Summit. The American businessman who also owns Botafogo in

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.

Olympique Lyonnais owner John Textor held a press conference this morning at Lyon’s Groupama Stadium after the DNCG ruling. The French football financial watchdog handed a severe sanction to Les