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.

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.

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.