Latest news with #DNCG
Malay Mail
6 hours ago
- Business
- Malay Mail
Now relegated to Ligue 2, Lyon secure Uefa backing for Europe spot if demotion overturned
LYON, June 28 — Lyon have agreed a financial sustainability procedure with UEFA which will allow them to play in Europe next season if they win their appeal against relegation to the French second division, the club said on yesterday. On Tuesday, French football's financial watchdog (DNCG) demoted the club. Lyon, who finished sixth in Ligue 1 last season and qualified for the Europa League, said at once they would appeal. On Friday, they said that UEFA was prepared to accept them into continental competition. 'Olympique Lyonnais completed the financial sustainability procedure and signed an agreement with the UEFA Club financial control body,' the club said on their website. 'The club could therefore participate in next season's Europa League, subject to a favourable outcome of the appeal of the DNCG decision.' A source close to the discussions between the club and the governing body of European football added that Lyon would be subject to a 12.5-million-euro ($14.6 million) fine with a suspended amount of 37.5 million euros, to be lifted if the club achieves its financial targets. After the DNCG initially ruled in November that Lyon would be relegated at the the end of the season, UEFA began monitoring the club. On May 5, UEFA fined Lyon 200,000 euros ($234,400) for unpaid bills to other clubs, to employees, and to the tax and social security authorities. After the DNCG ruling confirmed its initial decision, the club said they had met 'all of its demands'. While they were unable to convince the French watchdog, UEFA has ruled Lyon could play in Europe. Lyon will have seven days to appeal from the date they are officially notified of the DNCG's ruling. The club said Friday they had not yet received the notification. — AFP
New Straits Times
7 hours ago
- Business
- New Straits Times
Lyon can compete in Europe if they overturn relegation: Club
LYON: Lyon have agreed a financial sustainability procedure with UEFA which will allow them to play in Europe next season if they win their appeal against relegation to the French second division, the club said on Friday. On Tuesday, French football's financial watchdog (DNCG) demoted the club. Lyon, who finished sixth in Ligue 1 last season and qualified for the Europa League, said at once they would appeal. On Friday, they said that UEFA was prepared to accept them into continental competition. "Olympique Lyonnais completed the financial sustainability procedure and signed an agreement with the UEFA Club financial control body," the club said on their website. "The club could therefore participate in next season's Europa League, subject to a favourable outcome of the appeal of the DNCG decision." A source close to the discussions between the club and the governing body of European football added that Lyon would be subject to a €12.5 million (US$14.6 million) fine with a suspended amount of €37.5 million, to be lifted if the club achieves its financial targets. After the DNCG initially ruled in November that Lyon would be relegated at the the end of the season, UEFA began monitoring the club. On May 5, UEFA fined Lyon €200,000 euros (US$234,400) for unpaid bills to other clubs, to employees, and to the tax and social security authorities. After the DNCG ruling confirmed its initial decision, the club said they had met "all of its demands." While they were unable to convince the French watchdog, UEFA has ruled Lyon could play in Europe.
The Sun
8 hours ago
- Business
- The Sun
Lyon can play in Europe if relegation appeal succeeds
LYON could still compete in European football next season if their appeal against relegation to Ligue 2 succeeds, the club confirmed on Friday. The decision follows an agreement with UEFA on financial sustainability measures. Earlier this week, the French financial watchdog DNCG demoted Lyon despite their sixth-place finish in Ligue 1, which initially secured Europa League qualification. The club immediately announced plans to appeal. 'Olympique Lyonnais completed the financial sustainability procedure and signed an agreement with the UEFA Club financial control body,' the club stated. 'The club could therefore participate in next season's Europa League, subject to a favourable outcome of the appeal of the DNCG decision.' A source familiar with negotiations revealed Lyon faces a 12.5-million-euro fine, with an additional 37.5 million euros suspended pending financial targets. UEFA had been monitoring Lyon since November when the DNCG first flagged financial concerns. In May, UEFA imposed a 200,000-euro penalty on Lyon for unpaid dues to clubs, employees, and tax authorities. Despite failing to sway the DNCG, UEFA has provisionally cleared Lyon for European competition. The club has seven days to appeal once officially notified of the DNCG ruling. Lyon confirmed they are yet to receive formal notification.
Yahoo
21 hours ago
- Sport
- Yahoo
Former Nantes defender Nicolas Pallois set to join Reims
FC Nantes confirmed on Thursday that Nicolas Pallois (37) would be leaving the club. The defender leaves the club after eight years of service and 243 matches. However, the veteran has not taken long to find a new club. The Frenchman is set to sign for Stade de Reims, according to a report from L'Équipe. He is expected to sign a one-year deal that would include the option to extend for a further year. Pallois joins a club in the lurch. Reims have already passed their meeting with the DNCG, outlining their budget for the upcoming season. Advertisement Les Stadistes were relegated to Ligue 2 following a defeat to FC Metz in the relegation play-offs. However, they may be promoted back to Ligue 1 immediately, pending the outcome of Olympique Lyonnais' appeal against their administrative relegation. Pallois, therefore, looks almost certain to be at Reims next season. Whether that will be in Ligue 1 or Ligue 2 is another question entirely. GFFN | Luke Entwistle
Yahoo
21 hours ago
- Business
- Yahoo
PSG help Lyon by settling Bradley Barcola transfer
It was only a matter of months ago that Paris Saint-Germain were on bad terms with Olympique Lyonnais. However, they are now offering a helping hand following the DNCG's decision to relegate Lyon to Ligue 2. John Textor's frequent outbursts and claims of 'competing against a state' in reference to PSG and their Qatari owners saw relations between the two clubs sour. Nasser Al-Khelaifi and Textor notably came to loggerheads in a leaked Zoom call last season, during which the latter called the former a 'cowboy from I don't even know where', adding that the American does not know how to run a club. Advertisement There has since been a rapprochement between the two clubs as evidenced by PSG's latest gesture. Lyon have been relegated to Ligue 2 by the DNCG. That decision is being appealed, with OL now seeking to provide evidence of their financial stability. PSG have offered a helping hand. Les Parisiens bought Bradley Barcola from Les Gones in 2023 for a fee of €50m. Rather than continuing to pay off the transfer in instalments lasting numerous seasons, what remains to be paid will be paid immediately, as reported by France Info and confirmed by RMC Sport. It is a boost for a club looking to convince the authorities to allow them to compete in Ligue 1 next season. GFFN | Luke Entwistle
