Lyon Financial Crisis: John Textor Ignored Warnings Before Relegation

Lyon Financial Crisis at Center of Relegation Drama

Lyon financial crisis dominated headlines as John Textor, the club’s then-owner, was repeatedly warned about the club’s precarious economic situation long before disaster struck. The saga came to light after Lyon’s shocking relegation from Ligue 1 and their subsequent reinstatement. It highlights the critical role of responsible ownership and regulatory oversight in French football.

Textor Repeatedly Alerted to Lyon’s Financial Woes

The DNCG, France’s football financial watchdog, made several attempts to communicate the severity of Lyon’s financial troubles to John Textor. DNCG chief Jean-Marc Mickeler confirmed that multiple warnings were issued as early as before his investment in the club. “We thought he understood,” said Mickeler, reflecting on the club’s slide toward crisis. Despite these clear signals, Textor pressed forward with the acquisition, underestimating the risks and failing to implement necessary safeguards.

Relegation Followed by Leadership Change

This lack of action culminated in one of Ligue 1’s most dramatic financial downfalls. Lyon was relegated after being unable to meet league financial requirements, only to later win reinstatement following a successful appeal. During this period, Korean entrepreneur Michele Kang stepped in, replacing Textor and stabilizing the club’s finances. Kang’s leadership quickly restored confidence among supporters and stakeholders.

French Football’s Broader Financial Struggles

Lyon’s plight is symptomatic of a wider issue in French football. Recent figures revealed that French clubs collectively lost a staggering €1.3 billion, raising concerns about financial sustainability across the league. The DNCG’s role in enforcing fiscal discipline is more vital than ever, ensuring clubs do not jeopardize their futures.

What’s Next for Lyon?

With Kang at the helm, Lyon now looks to put its financial mismanagement behind and rebuild both on and off the pitch. Long-term financial planning and prudent ownership will be key as the club seeks to reclaim its former glory and avoid repeating past mistakes.

Opinion: Lessons for the Future

The Lyon financial crisis serves as a cautionary tale for ambitious investors in football. Listening to regulators and prioritizing the club’s long-term health over short-term gains is essential. For more news on football’s biggest stories, head over to for more news.