Olympique Lyonnais have been relegated to Ligue 2, French football's financial watchdog (DNCG) said on Tuesday following an audit of the club.Lyon were provisionally demoted by the DNCG in November for financial mismanagement and the decision was confirmed on Tuesday.

French giants Olympique Lyonnais, who have won seven Ligue 1 titles and consistently reach deep into European competitions, have been relegated to Ligue 2 for their financial struggles, pending an appeal from the club.

French soccer were delivered a huge blow as legendary French club Olympique Lyon got suddenly relegated to Ligue 2, a decision that raised eyebrows among fans. Olympique Lyon’s financial situation had been under close scrutiny by the Direction Nationale du Contrôle de Gestion (DNCG),