Soccer-Ligue 1 club Lyon handed provisional demotion over finances

FILE PHOTO: Soccer Football - Women's Champions League - Group A - AS Roma v Olympique Lyonnais - Stadio Tre Fontane, Rome, Italy - November 13, 2024 Olympique Lyonnais players pose for a team group photo before the match REUTERS/Remo Casilli/File Photo

(Reuters) - French club Olympique Lyonnais cannot make any signings in the January transfer window and will be relegated from Ligue 1 at the end of the season if they are unable to address financial mismanagement.

France's National Directorate of Management Control (DNCG), the financial police of the French league, on Friday issued the punishment to John Textor-owned Lyon, who are fifth in the Ligue 1 standings.