Lyon, who are predominantly owned by Crystal Palace shareholder John Textor of the Eagle Football Group, splashed out £150 million on new recruits in the summer window.

Lyon have been handed a provisional relegation to Ligue 2, the second division of French football, and will observe a transfer ban following an audit of their finances. The Direction Nationale du Controle de Gestion (DNCG,

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.

Due to financial mismanagement, Olympique Lyon could be relegated to Ligue 2 at the end of the season if they fail to pay off their debts after a sanction from the Direction Nationale du Controle de Gestion (DNCG).

Lyon may not be able to resist a significant offer from the Premier League, though, and Everton are said to have failed with an attempt to bring him to England over the summer.

French club Lyon will be demoted to Ligue 2 at the end of the season if they do not improve their finances, and will be banned from signing players in January.

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.

French giants Lyon have been handed a 'provisional' relegation from Ligue 1 and a transfer ban. Reports from journalist Fabrizio Romano suggest that the club have been handed a 'provisional' relegation to Ligue 2, the second-tier of French football.

French club Olympique Lyonnais cannot make any signings in the January transfer window and will be relegated from Ligue 1 at the end of the season if they are unable to address financial mismanagement.

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.