Lyon relegated to Ligue 2 over financial problems

The decision was announced by the French Football League (LFP) on Tuesday evening. Monaco, Nantes and Paris FC will face no further action

Lyon have been relegated to Ligue 2. File picture: Olivier Chassignole/Getty Images

French giants Lyon have been relegated to Ligue 2 after failing to convince authorities they have resolved their financial difficulties.

The seven-time French champions were hit with a provisional relegation back in November after racking up massive debts, and although they have since sold a number of first-team players, French football watchdog the DNCG upheld the relegation following meetings on Tuesday.