OL handed transfer ban as Textor scrambles to find cash to inject into club
November 18 – In a move that sent shockwaves through French football, Olympique Lyonnais, one of the country’s most prestigious clubs and domestic title winners seven times, have been banned from making 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 a financial crisis.
Currently fifth in France’s top flight, the club, majority owned by controversial American investor John Textor,
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