Lyon is on the brink of crisis with the risk of relegation to Ligue 2 and losing a series of key players. |
According to L'Equipe , Lyon need to raise €100 million before the appeal hearing on July 10. The club filed an appeal against their demotion to Ligue 2 last week, hoping to overturn the ban before the start of the 2025/26 season.
However, Lyon has less than 7 days left to prove that the team is financially capable of playing in Ligue 1. If not, the relegation penalty will be upheld, pushing the club into an unprecedented crisis.
New president Michele Kang, who has just replaced John Textor, faces a near-impossible task. The Korean-American businesswoman and owner of the Washington Spirit women's club, took over Lyon earlier this month with the goal of restructuring the club's finances and getting it out of the red.
However, she faces a tight deadline to raise funds, possibly through player sales or finding new investors. On June 30, Lyon’s website confirmed that John Textor, the American businessman and club owner, had resigned from all management positions, including the board, after the club was relegated to Ligue 2 due to financial problems.
Michele Kang has been appointed as Lyon's President and CEO, while Michael Gerlinger has become the club's new director. With his resignation from the club's presidency, Textor hopes Lyon can soon look for another investor in the team.
However, this scenario is unlikely as the appeal deadline approaches. Lyon is also considering selling key players such as Ernest Nuamah, Corentin Tolisso, Malick Fofana, Ainsley Maitland-Niles, Nemanja Matić and Jordan Veretout. However, it usually takes teams weeks, even months, to sell all these players.
Source: https://znews.vn/khong-kiem-du-100-trieu-euro-lyon-se-xuong-hang-post1565897.html
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