Ligue 1 Giants Relegated to Tier II
France’s illustrious football outfit, Olympique Lyon, teeters on the brink of financial collapse, prompting regulatory action. The DNCG has imposed a provisional demotion to the second division and blocked new signings due to Lyon’s dire financial straits. A staggering €505.1 million (£422 million) debt has raised serious doubts about the club’s solvency.Lyon’s fiscal woes have…