PARIS: Close to bankruptcy just eight months ago, seven-time French champions Lyon have bounced back in style and after a remarkable winning run, a late challenge for the Ligue 1 title is not out of the question.
The club’s very survival seemed in doubt when they were condemned to relegation to the second division last June as a punishment for the state of their finances.
They successfully appealed, but Eagle Football Group, the holding company which runs the club, announced in November that losses for last season were over €200 million (US$235m), with total debts above €500 million.
