Sports
Lyon Relegated Over Finances, Boosts Palace’s European Bid
French club Lyon have been demoted to Ligue 2 because of the poor state of their finances.
The club were provisionally demoted by the DNGC, the body which oversees the accounts of French professional football clubs, in November.
Lyon officials including owner John Textor, met with the DNGC on Tuesday but failed to convince the body that the club had sufficiently improved their financial situation to lift the punishment.
Last October, his Eagle Football Group, which owns a 77% stake in Lyon, announced debts of £422m.
In a statement, Lyon said the DNGC’s decision was “incomprehensible” and confirmed they would appeal.
Lyon’s relegation could prove significant to Crystal Palace’s hopes of playing in the Europa League next season.
Their participation is currently in doubt because of Uefa rules, which prevent multiple teams under one multi-club ownership structure competing in the same European competition.
Textor owns stakes in both clubs although he agreed a deal to sell his 43% share in Palace on Monday.
Lyon baffled by decision
“With proven funds and sporting success that has earned us a place in European competition for two consecutive years, we sincerely do not understand how an administrative decision could relegate such a major French club,” Lyon’s statement said.
“We will appeal to demonstrate our ability to provide the necessary financial resources to guarantee OL’s place in Ligue 1.”
Seven-time French champions Lyon raised around £45m with the sales of Maxence Caqueret to Como in January and Rayan Cherki to Manchester City in June in an attempt to improve their finances.
High earners such as Alexandre Lacazette and Anthony Lopes have also been released.
Lyon have the right to appeal against the decision. Should it stand, Lyon will be replaced in the top flight by Reims, who were beaten in the relegation play-off by Metz.
Only five teams have lifted more French titles than Lyon’s seven, which they won in successive seasons between 2002 and 2008.
The club reached the Champions League semi-finals as recently as 2020 and have not played in the second tier since 1989.
When the provisional punishment was handed down in November, Textor said that there was “no chance” the club would be relegated and reiterated his confidence before Tuesday’s meeting.
“We have made a variety of investments in recent weeks,” he said. “Everything is good financially.”
Textor is also the largest shareholder of Brazilian club Botafogo and currently co-owner of Palace until his deal to sell his stake to New York Jets owner Woody Johnson is completed.
“Over the past few months, we have worked closely with the DNCG, fulfilling all of its requests with equity investments that exceeded the required amounts,” Lyon’s statement continued.
“Thanks to capital injections from our shareholders and the sale of Crystal Palace, our cash flow has significantly improved and we now have more than sufficient financial resources for the 2025-26 season.”
Palace qualified for the Europa League by winning the FA Cup but Lyon also qualified by finishing sixth in Ligue 1. The French side’s higher league finish means they would take a European spot at Palace’s expense – should Uefa decide their multi-club ownership rules are being breached.
Last year, six-time Ligue 1 champions Bordeaux had to surrender their professional status after being relegated from Ligue 2 to the French fourth tier because of bankruptcy.
What could it mean for Palace’s European hopes?
There remains an air of caution at Palace despite the significant news of Lyon’s enforced relegation.
Uefa rules state that two clubs under significant control of the same person or entity cannot compete in the same competition and that the team with the highest league finish – Lyon – takes the spot in that respective European competition.
The Premier League side have insisted to Uefa that Textor has no control at all at Selhurst Park, despite the American businessman’s company Eagle Football Holdings having a 43.9% stake.
The news that Lyon have been relegated has raised hope at Palace that the issue will disappear because the French side, according to sources, will lose last season’s sixth-place finish.
As of Tuesday night, Palace were still awaiting full clarification on what Lyon’s relegation means for their European hopes.
But even if the French football authorities verify that Lyon’s sixth-place finish has now been expunged, Palace will have to wait for a final decision before they can plan their first venture into European football.
Lyon have already confirmed that they intend to appeal the decision.
There are concerns at the south London club that even if Lyon fail in their appeal with the French league, they will take their fight even further – thus prolonging the agony.
Can Textor and Lyon convince the authorities that they are rectifying their poor financial state enough to lift their relegation?
And can Lyon have their punishment delayed until the appeals processes are complete?
These are questions Palace are likely to be asking themselves.
Then there’s the matter of Nottingham Forest, who stand to gain if Palace lose their Europa League status, and their response to Palace keeping their place in Uefa’s second most prestigious competition.
There was hope that Palace would have clarity over their European destiny by the end of this week. They may now have to wait much longer.
Bbc.com
Sports
AFCON: Nigerian Billionaire Splashes Dollars On Super Eagles
Executive Chairman of BUA Group, Abdulsamad Rabiu, has pledged over $1.5 million should the Super Eagles win the 2025 Africa Cup of Nations (AFCON) in Morocco.
Nigeria defeated Algeria 2–0 in the quarterfinal to qualify for the semifinals of the 35th edition of the continental tournament at the Grand Stade de Marrakech on Saturday, January 10.
Goals from Victor Osimhen and Akor Adams ended the Desert Foxes’ unbeaten run and sent them crashing out of the tournament.
Nigerian billionaire Abdulsamad Rabiu has congratulated the Super Eagles for overpowering the Desert Foxes of Algeria in the quarterfinal. The Nigerian businessman said the win has lifted the spirit of the country and place the West African giants on the map of the world.
The 60-year-old promised the three-time AFCON winners $500,000 if they win the semifinal and an addition $50,000 for each goal scored. He said: “Congratulations to our Super Eagles players on a brilliant victory against Algeria.
“You have lifted the spirit of the nation, and we proudly cheer you on as you prepare for the semi-finals.
“To encourage you, I pledge USD $500,000 to the players upon winning the semi-final, with an additional USD $50,000 for every goal scored.
Rabiu further pledged the sum of $1 million if the Super Eagles win the AFCON title and an additional $100,000 per goal. He said:”Should you go on to win the final, I further pledge $1,000,000, plus USD $100,000 for each goal scored in the final.
“Wishing you continued success as you carry Nigeria forward.
“Keep making Nigeria proud. Proudly Nigerian.”
Sports
EPL: Aston Villa Ease Arsenal Defeat With 3-1 Home Win Over Forest
Aston Villa beat struggling Nottingham Forest 3-1 at their home fortress on Saturday to ease the pain of their midweek mauling by Arsenal, leapfrogging Manchester City into second place in the Premier League.
Ollie Watkins’ strike on the cusp of half-time gave Unai Emery’s side a deserved lead and John McGinn grabbed a second early in the second period.
Morgan Gibbs-White pulled a goal back for the visitors, but McGinn took advantage of a brain freeze by Forest goalkeeper John Victor to restore Villa’s two-goal lead.
Villa’s 11-game winning streak in all competitions was brought to a shuddering halt with a 4-1 defeat at the Emirates on Tuesday, raising doubts about their ability to maintain a title charge.
But their impressive record at Villa Park remains intact — they have now won 11 straight matches since a 3-0 defeat to Crystal Palace in August.
Villa started brightly on a bitingly cold day in Birmingham and were denied an early opener when Victor saved a Watkins shot from point-blank range with his legs.
Sean Dyche’s Forest, who came into the match on a three-match losing run, struggled to gain a foothold but the home side failed to take advantage of their dominance in a tepid first half.
The away team came close to taking the lead with their first shot on target when Emi Martinez was forced to dive to his right to deny Omari Hutchinson.
But the in-form Watkins gave Villa a deserved lead in the closing moments of a half in which they enjoyed nearly 80 percent possession.
The England man received the ball outside of the area from Morgan Rogers and slammed home for his fourth goal in three games.
McGinn doubled Villa’s lead in the 49th minute, side-footing into the net after a Matty Cash cross.
Villa appeared to be cruising towards all three points but Forest was back in the game in the 61st minute courtesy of a fine finish from Gibbs-White, who chipped past the diving Martinez.
But Villa was gifted a third goal in the 73rd minute when Victor inexplicably vacated his goalmouth to try to reach a long ball from Youri Tielemans even though there were defenders nearby.
Scotland midfielder McGinn collected the ball and remained cool, sidestepping Victor and stroking the ball into the empty net with his left foot from well outside the area.
The win leaves Villa on 42 points, three behind leaders Arsenal, and one ahead of City.
The Gunners are away at Bournemouth later on Saturday while Pep Guardiola’s men host managerless Chelsea on Sunday.
Forest remains one place above the relegation zone, four points clear of West Ham, who face Wolves later on Saturday.
AFP
Sports
Update: Chelsea, Enzo Maresca Reportedly Part Ways Immediately
Chelsea and its coach Enzo Maresca have reportedly agreed to part ways with immediate effect.
Daily voice reports that this was disclosed in a post on social media on Thursday by football transfer expert, Fabrizio Romano.
Romano wrote: “BREAKING: Chelsea and Enzo Maresca agree to part company with immediate effect. It’s OVER.
“Official statement to follow but all done after tension growing last 24/48h.
“Chelsea will now start working on new manager appointment.”
Earlier, the football transfer expert had stated that Chelsea and Maresca were ready to part ways ahead of Manchester City game.
He stated that their relationship is deteriorated and next formal steps are expected to follow soon to seal their division.
Chelsea later confirmed Enzo Maresca has left the club by mutual consent.
The club said: “During his time at the Club, Enzo led the team to success in the UEFA Conference League and the FIFA Club World Cup. Those achievements will remain an important part of the Club’s recent history, and we thank him for his contributions to the Club.
“With key objectives still to play for across four competitions including qualification for Champions League football, Enzo and the Club believe a change gives the team the best chance of getting the season back on track.
“We wish Enzo well for the future.”
-
Business13 hours agoBREAKING: Petrol Depot Owners Crash Prices To Cheapest; Details Emerge
-
News2 days agoIs It True That Court Is Set To Revisit Kanu’s Case After Pressure From Israel, US? Facts Emerge
-
News2 days agoBuhari’s Ex-Minister Pantami Breaks Silence Over Alleged Wedding Plan With Aisha Buhari
-
Lifestyle1 day agoChimamanda: Heartbreaking Details About What Killed Author’s Late Son Emerge
-
News23 hours ago“Do Not Test Trump’s Resolve”: US Issues Fresh Threat To Nigeria
-
Entertainment18 hours agoSO SAD: Actress and Content Creator Sunshine D!es After Surgery; Details of Last Moment Trends
-
Sports1 day agoAFCON: Nigerian Billionaire Splashes Dollars On Super Eagles
-
Politics44 minutes agoFCT Minister Wike Reacts To Call For Tinubu To Sack Him
