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.

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.

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

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

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.

American businessman John Textor's team Lyon have been provisionally relegated to Ligue 2 and imposed a transfer ban for the upcoming window due to its failure to achieve financial sustainability.

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,