With just days remaining in the transfer window, Lyon faces a critical juncture in their history. As of press time, the club has put Lyon players on sale to raise funds. The decisions made in the coming days will have long-lasting implications for the club’s future. One of France’s most storied clubs is in the […]
With just days remaining in the transfer window, Lyon faces a critical juncture in their history. As of press time, the club has put Lyon players on sale to raise funds. The decisions made in the coming days will have long-lasting implications for the club’s future.
One of France’s most storied clubs is in the midst of a financial crisis; it has forced it to take drastic measures as the summer transfer window nears its end. In fact, American owner John Textor is scrambling to raise $112 million through player sales; it’s necessary to comply with financial regulations and avoid severe penalties from the French soccer regulatory body, the DNCG. With just days left before the window closes, Lyon faces an uphill battle to meet this target; having so far raised only a fraction of the required amount.
Their current predicament stems from the strict Financial Fair Play (FFP) rules enforced by the DNCG; they monitor the financial health of clubs in France. To maintain its autonomy and avoid further restrictions, Lyon’s management promised the DNCG that it would generate $112 million from player sales. However, with only around $28 million raised so far, the club is far from achieving this goal.
The need for financial compliance has forced Lyon to put nearly its entire squad up for sale. L’Equipe says they have informed all their players that they are available for transfer if the right offers come in. This last-ditch effort shows how dire Les Gones’ financial condition is and how quickly they have to take action to avoid punishment.
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Author : Martina Alcheva
Publish date : 2024-08-24 21:34:53
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Author : soccernews
Publish date : 2024-08-24 21:37:17
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