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    Former Champions League giants ‘provisionally RELEGATED’ from top flight if they can’t clear £422MILLION debt

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    ONCE Champions League giants Lyon have been provisionally relegated from Ligue 1.The French side can’t clear their rising £422MILLION debt and have now been banned from signing players in January.French giants Lyon are reportedly facing relegation unless they improve their financesCredit: AFPFormer Arsenal star Alexandre Lacazette captains the Ligue 1 outfitCredit: GettyLyon owner John Textor owns a 45 per cent stake at Prem side Crystal PalaceLyon will lose their top-flight status at the end of the season unless they improve their situation and avoid going into administration.Crystal Palace co-owner John Textor majority owns Lyon through Eagle Football Holdings.He insisted a meeting with France’s National Directorate of Control and Management (DNGC) “went well”, but the watchdog seems to have disagreed.French journalist Romain Molina has also claimed that “all Lyon players are on sale” in a bid to reduce the club’s debts. READ MORE FOOTBALL NEWSLes Gones have been losing money year-on-year and their financial model is based on consistent Champions League qualification. They have not been in Europe’s elite competition since the 2019-20 season, when a side inspired by Memphis Depay and Bruno Guimaraes reached the semi-finals. But if Ligue 1 indeed goes through with their relegation, they’ll be unable to qualify for any European competition until the club’s promoted again.They have also lost control of their payroll as it will be supervised by the DNGC, with many former Premier League stars calling Lyon home. Most read in FootballFOOTBALL FREE BETS AND SIGN UP DEALSTheir squad boasts former Palace ace Wilfried Zaha, ex-Man Utd midfielder Nemanja Matic, old West Ham forward Said Benrahma, and former Aston Villa star Jordan Veretout. Ex-Arsenal star Alexandre Lacazette also captains the side, with Ainsley Maitland-Niles joining last summer.MAN CITY FINEDThe relegation would mark another hammer blow for French football after Bordeaux were demoted to the fourth tier due to bankruptcy this summer. But that was before former Prem star Andy Carroll joined Bordeaux after being let go by Reading.Carroll is set to divorce from his Towie star wife Billi Mucklow after two turbulent years of marriage.The Eagle Football Group portfolio owns stakes in Lyon, Palace, Botafogo of Brazil, FC Florida, and RWD Molenbeek in Belgium.Former Man Utd star Nemanja Matic now plays for LyonCredit: APAndy Carroll now plays in the French fourth tier with BordeauxCredit: AFPTextor believes that selling players from Botafogo and the 45 per cent stake in Palace could help balance the books for Lyon, as per L’EquipeBut the American business tycoon is eyeing a takeover at Everton after all is said and done.READ MORE SUN STORIESMany clubs in France are struggling off the back of the Covid-19 pandemic and drastically decreasing TV rights revenue.Lyon, who sit fifth in Ligue 1 managed by relative newcomer Pierre Sage, are in the Europa League this season and do have lots of players they could offload. Who are these famous footballers? More

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      Everton takeover finally agreed as Friedkin Group set to buy crisis club in huge U-turn after pulling plug on £800m deal

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      EVERTON’S takeover saga is set to finally come to an end as US billionaire Dan Friedkin has agreed to buy the club.This comes two months after The Friedkin Group’s proposed £800million takeover of the Toffees fell apart over concerns about the club’s debt to 777, an investment firm based in Miami.Everton’s takeover saga looks set to finally come to an endCredit: APUS billionaire Dan Friedkin has agreed a deal to buy out Everton owner Farhad Moshiri’s stakeCredit: GettyThe debt was said to come from a series of loans taken out by the club from the firm last season and was worth £200m.According to The Times, however, The TFG and departing owner Farhad Moshiri accelerated talks over the weekend and an agreement has been struck.The American is now set to overtake Moshiri’s 94.1 per cent stake in the club.The agreement, of course, remains subject to approval from the Premier League, the Financial Conduct Authority and the Football Association. Read More on FootballAnd that entire process may take up to eight weeks until it’s completed.A TFG spokesperson said: “We are pleased to have reached an agreement to become custodians of this iconic football club. “We are focused on securing the necessary approvals to complete the transaction.“We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”Most read in FootballBEST FREE BET SIGN UP OFFERS FOR UK BOOKMAKERSTFG will be looking to clean up the club’s balance sheet and reduce debt of about £600m.The incoming new owners will also be overseeing the grand opening of the Merseysiders’ new 52,888-seater stadium at Bramley-Moore Dock which will be ready for the start of the 2025-26 season.The mess Everton are in explainedFriedkin also owns Serie A giants Roma, but his leadership has come under increasing scrutiny following the sacking of manager Daniele De Rossi and the resignation of CEO Lina Souloukou.But the new ownership works as a boost amid Everton’s Premier League struggles as Sean Dyche’s side is second to last in the table’s relegation zone with only one point out of five matches.Changes to the Premier League for 2024/25NOTHING stays the same forever.And that includes the Premier League, which is making a number of tweaks this season.Team news will now be released 75 MINUTES before kick-off, 15 minutes earlier than had been the case before.Things could get crowded on the touchline, with the number of substitutes permitted to warm-up boosted from three players per team to FIVE.There’s also a change to how added time is calculated when a team scores a goal, an update to the ‘multiball’ system and the introduction of semi-automated offsides – but not straight away.Go here to read about all the changes to the Premier League for 2024/25. More

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      Former Man City star given more time to clear £800,000 tax debt and dodge bankruptcy

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      FORMER Premier League star Benjamin Mendy has been given more time to clear a £800,000 tax debt and avoid bankruptcy.The one time Man City defender, 29 — last year cleared of rape and sexual assault — is hoping to sell his mansion.
      Former Man City defender Benjamin Mendy has been given more time to clear a £800,000 tax debtCredit: PA
      A hearing at the High Court was told the pad in Macclesfield, Cheshire, has had a price cut from £5million to £3.8million.
      A sale is expected in the next eight weeks.
      Louis Doyle KC, for Mendy, said: “He wants to get rid of this debt as quickly as possible.”
      He continued: “If we get 10 weeks down the line and it is still not sold, I accept I might have a very different fight on my hands.”
      READ MORE FOOTBALL NEWS
      The court also heard Mr Mendy is bringing legal action against former club Manchester City after they stopped paying him when he was charged with rape back in 2021.
      The player was cleared of rape and attempted rape at Chester Crown Court.
      Mr Doyle said that Mendy being made bankrupt could have a “potentially catastrophic impact” on his claim which is due to go into mediation later in the year.
      At a previous hearing, Mendy said he would pay HMRC £20,000 a month from his salary at new club Lorient in France, which he has not done.
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      Judge Joseph Curl KC adjourned the case for 12 weeks to allow for the sale of the house but said he was “troubled” by Mendy’s failure to pay the monthly bill. More

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      Premier League star ‘chased by debt collectors after refusing to pay for a £25,000 set of veneers’

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      A PREMIER League star was chased by debt collectors after refusing to pay for a £25,000 set of dental veneers, it has been claimed.The “playboy” top flight star walked out of a posh Harley Street dental studio with gleaming gnashers honed from custom-made porcelain moulds.
      A Premier League star was chased by debt collectors after refusing to pay for a £25,000 set of dental veneers, it has been claimedCredit: Getty
      But the well-known player – who has not been identified – believed he would be receiving the treatment free thanks to his fame and ignored pleas to pay up.
      The top London dentist was left with no option but to call in specialist debt collectors to chase up the bill and the star paid up only after court action was launched.
      His case was revealed yesterday as the most extreme of a raft of dental bill dodging cases reported amid Britain’s snowballing theft epidemic.
      A national debt collection agency revealed yesterday that requests to chase up dental customers who refuse to pay has rocketed 20 per cent in recent months.
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      Chris Spencer, from Frontline Collections, said of the case: “He was a Premier League footballer but it ended up going through the court process and eventually we got him to pay.
      “He was kind of all over the place and it was well known he was a bit of a playboy.
      “I think he has calmed down now.”
      DO you know the name of the bill dodging star? Call us on 020 7782 4100 or email exclusive@the-sun.co.uk
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      England football legend avoided bankruptcy with 11th-hour payment to HMRC

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      FORMER Liverpool and England footballer John Barnes has avoided bankruptcy with an 11th-hour payment to the taxman.An HMRC official told an insolvency and companies court yesterday that the money he owed had been paid in full.
      John Barnes has avoided bankruptcy with an 11th-hour payment to the taxmanCredit: PA
      A hearing in February was adjourned to allow “settlement negotiations”.
      Megan Vanderhook, who represented HMRC, indicated that Barnes, 59, owed at least £200,000.
      She told that hearing  the ex-Watford ace had repaid £100,000.
      Barnes was not in court yesterday, instead represented by his barrister.
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      The Jamaica-born midfielder has since tried his hand as a manager, author, commentator and pundit.
      He was declared bankrupt in 2009 over tax debts just days after being fired as head coach at Tranmere Rovers.
      At the time, Barnes said the issue was a “tax oversight”.
      The order was later rescinded.
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      According to Land Registry documents, the World in Motion rapper was also the subject of bankruptcy petitions in 2010, 2011, 2012, 2013 and 2019. More

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      Ex-Premier League star, 39, declared bankrupt after racking up debts of more than £1 million

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      JERMAINE Pennant has been declared bankrupt after racking up debts of more than £1million.The former Premier League star, 39, owes money to a string of creditors, including HMRC, banks, councils and utility companies.
      Jermaine Pennant has been declared bankrupt after racking up debts of more than £1millionCredit: The Sun
      Pennant celebrates scoring a goal for Arsenal against Southampton in 2003Credit: Getty
      He was given a one-year bankruptcy order at Birmingham county court.
      A source close to the star said: “He owes stacks of cash all over the place.
      “His debts are into seven-figures.
      “His debts to the taxman and banks are huge.
      Read More on Jermaine Pennant
      “He has defaulted on mortgage payments and will likely have property repossessed.”
      Pennant was taken to court by creditors after failing to settle a number of outstanding bills.
      The star’s money troubles have been building.
      His media company Jermaine Pennant Ltd was dissolved and struck off the company register in 2020.
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      He set up the company to handle his pay from Celebrity Big Brother and TV appearances. More