Palace have been at risk of being kicked out of Europe due to ownership issues John Textor sold his stake in the club in bid to help Palace and French side Lyon LISTEN: Will Liverpool sign Alexander Isak? Merseyside reporter Lewis Steele provides the ...

Newly revealed figures from L’Équipe suggest Olympique Lyonnais paid the salaries of 54 players last season, despite maintaining a first-team squad of just over 30 — a discrepancy now fuelling

American businessman John Textor plans to step back from the day-to-day management of Lyon following the club's relegation to Ligue 2.

American businesswoman Michele Kang has taken over as president of seven-time French champion Lyon after John Textor resigned following the club’s relegation over financial irregularities.

John Textor has resigned from his leadership positions at Lyon, as Crystal Palace wait to learn whether they can compete in the Europa League next season. Palace qualified for the Europa League by winning the FA Cup last season, but their place in the competition is at risk because of UEFA ’s multi-club ownership rules.

The boss of French football’s financial regulator has hit back at criticisms made by Lyon owner John Textor, accusing the American of a “clear and persistent lack of understanding” of the rules.

Lyon owner John Textor comes out fighting - as he defiantly says 'we will NOT be relegated' - despite authorities ruling French side will be demoted to Ligue 2 if they don't improve their finances.