Lyon will remain in the first clubs at the French Football Championship after adopting its appeal to cancel the decision of the financial supervision management to remove it to the second degree, as the Federation federation announced on Wednesday.
The new president of the club Michelle Kang and CEO Michael Gerlig managed to convince the supervisory authority that the club has the financial opportunities necessary for the 2025-2026 season.
The financial supervision department in France decided to terminate Lyon to the second degree of June 24, after the club could not convince the authority to raise the restrictions introduced in November, including the precautions of administrative reduction in the second division of France.
Lyon stated in an official statement: “Olympic Lyon welcomes the decision of the National Financial Supervision Committee to support the club in the first unit,” adding: “The club thanks the appeal committee for recognizing the ambitions of the new administration, which confirms its commitment to the serious management of the club in the future.”
In November last year, the Financial Committee decided to abandon Lyon from the poor financial conditions, the decision that was confirmed in June after the meeting of the American businessman and the owner of the club, John Zabokstad and the Committee.
In the administrative development of Michelle Kang, a well -known investor in women’s football and Olympic Lyon, was appointed president of the club, who replaced Takastar.
