French giants Lyon relegated to second tier

President of (LFP) Vincent Labrune alongside France`s Minister of Justice Gerald Darmanin, France`s Minister for the Interior, Bruno Retailleau and France`s Minister for Sports, Youth, and Community Life Marie Barsacq. Pic/AFP

Seven-time Ligue 1 champions Lyon have been relegated to the second-tier by French football's financial watchdog DNCG, the French professional league (LFP) announced on Tuesday.

Soon afterwards, the French club put out a statement saying they would challenge the ruling. "Over the past few months, we have worked closely with the DNCG, meeting all of its demands," the club said in a statement.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever