The Committee of the appeals of the supervisory body accepts the appeal maintains the team in the elite after the administrative relegation for financial reasons
The administrative relegation of the Lyon He was canceled by the French Football Federation (FFF) Wednesday 9. The Committee for the appeals of the National Control and Management Directorate (DNCG) has accepted the club’s appeal and the team will remain in the first division in the 2025/26 season.
Lyon belongs to the estate Eagle FootballAmerican Multiclub Network John TextorOwner of Brussels by Botafogo SAF and RWDM from Belgium. Recently, the shareholder resigned from the French club and appointed German Michael Gerlinger as CEO and the South Korean naturalized American Michele Kangwho had already purchased the Lyon women’s team in 2023 for the presidency.
Gerlinger and in particular Kang were responsible for the articulation of Lyon’s maintenance in the first division. Textor, in turn, focuses attention in Botafogo: the American closed the intake of Davide Ancelotti, son of Carlo Ancelotti, for the technical command.
“The new direction, supported by the commitment and dedication of our shareholders and creditors, is extremely grateful for all the support received inside and outside the club, including fans, employees, players, partners and elected authorities”, wrote Lyon in an official declaration.
“Today’s decision is the first step to restore confidence in Olypique Lyonnais. Now we can focus our attention on our sports goals and prepare completely for the next season,” adds the declaration.
Lyon’s administrative relegation was announced on June 24th. The decision was made by DNCG for serious financial reasons faced by the club in recent seasons. In its evaluation, the sports agency decided that the club would not be able to fulfill its obligations for the next European season.
According to the newspaper The teamLyon will be able to hire reinforcements and will have control of payment leaves and transfers compensation. With the decision, the team is also released to compete in the Europa League.
In October 2024, Eagle Football announced a recapitalization plan aimed at collecting $ 1.1 billion as part of the trial to enter the New York Stock Exchange. Most of the value would be to repay the detention debts through the sale of participation in Crystal Palace, whose actions were sold by Textor for 1.4 billion dollars and initial offer of shares (IPO).
Source: Terra
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