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Lyon relegated to French soccer’s second tier amid ongoing financial problems

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Paris
AP
 — 

Seven-time French champion Lyon was relegated to the second tier on Tuesday because of ongoing financial irregularities.

The decision followed an audit of the club’s finances by the French league’s soccer watchdog, known as DNCG. French sports daily L’Equipe estimated Lyon’s current debt at 175 million euros ($203 million). Lyon was expected to appeal the decision.

The decision comes after the DNCG had already provisionally relegated Lyon to Ligue 2 in November, with the club reporting at the time that it had more than 500 million euros ($581 million) of debt. A transfer ban was also imposed in the January transfer window.

Lyon is owned by American businessman John Textor, who has stakes in Brazil’s Botafogo and Premier League team Crystal Palace.

Textor was present for the hearing in Paris on Tuesday. He had been optimistic it would be successful for Lyon, which has been trying to balance the books.

On Monday, Premier League side Crystal Palace announced that New York Jets owner Woody Johnson signed “a legally binding contract” to buy Textor’s shares. Textor has a 43% stake in the London club. Reports have placed the price between $220 million and $260 million.

Two weeks ago, Lyon received a much-needed cash injection by selling coveted playmaker Rayan Cherki for 36 million euros.

But the club has been under growing pressure.

Two years ago, the DNCG decided to monitor the club’s transfer activities, saying its moves on the market would be limited under “a framework for wage costs and transfer indemnities.”

Lyon won its seven league titles from 2002-08 and reached the Champions League semifinals in 2020.

Lyon narrowly lost to Manchester United in the Europa League quarterfinals and missed out on a cash windfall when it failed to qualify for next season’s Champions League after finishing sixth in Ligue 1.



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Europe

EU announces delay to its trade countermeasures against United States until early August

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CNN
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The European Union will delay the implementation of its trade countermeasures against the United States from Monday until early August to allow more time to negotiate a deal.

At a news conference on Sunday, Ursula von der Leyen, president of the European Commission, referenced the letter the United States sent to the bloc Saturday, which threatened to impose a 30% tariff on European goods exports on August 1 absent a trade agreement.

“We will therefore also extend the suspension of our countermeasures till early August,” she said at the briefing in Brussels. “At the same time, we will continue to prepare further countermeasures so we are fully prepared.”

“We have always been very clear that we prefer a negotiated solution. This remains the case, and we will use the time that we have now till the 1st of August (to negotiate),” von der Leyen added.

In mid-April, the EU said it was suspending until July 14 its planned countermeasures on €21 billion ($25 billion) worth of US exports, unveiled earlier in retaliation for the 25% tariff Washington slapped on all steel and aluminum imports.

The bloc has also been preparing additional countermeasures in response to further tariffs announced by US President Donald Trump. On Sunday, von der Leyen said the 27-nation bloc had “developed a second potential list of countermeasures” and has sought to diversify its trade relationships, citing a “big and important” free trade deal with Indonesia.

According to the US Trade Representative’s office, EU member countries are together America’s largest trading partner at nearly $976 billion in two-way goods traded in 2024.

Von der Leyen noted that the EU prefers to negotiate a trade solution with the United States.

“Few economies in the world match the European Union’s level of openness and adherence to fair trading practices,” she said on Saturday.



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Ukraine says it killed Russian agents suspected of assassinating intelligence officer

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CNN
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Ukraine’s Security Service said Sunday they had killed Russian special service agents suspected of gunning down a fellow officer in Kyiv earlier this week, saying it believed Russia’s Federal Security Service was responsible.

SBU officer Ivan Voronych was shot dead in Kyiv on Thursday morning in what authorities told CNN was an apparent assassination.

The suspects – a man and a woman – tried to “lay low” after the shooting, the SBU said in a statement Sunday.

However, SBU and National Police officers established their whereabouts in the Kyiv region, the statement added.

The head of the SBU, Vasyl Malyuk, said; “As a result of covert investigative and active counterintelligence measures, the enemy’s lair was discovered.”

He continued, “During their arrest, they began to resist, there was an exchange of fire, and the scoundrels were eliminated.”

“I want to remind you that the only prospect for the enemy on the territory of Ukraine is death!” he said in a video, which was apparently filmed in front of the suspect’s bodies.

According to the SBU, the two had been ordered to trail their target to establish his daily routine. They were then directed to a safe house where a pistol with a silencer was waiting for them.

The SBU is Ukraine’s main security service, responsible for both internal security and sabotage operations against Russia. Among others, it was responsible for Ukraine’s audacious drone attack against Russian airfields last month.

Voronych’s killing comes at a time when Russia has been escalating its attacks on Ukraine – this week saw both the largest and second largest drone attack of the conflict, now into its fourth year.



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Man convicted of Meredith Kercher’s murder facing trial for sexual assault

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CNN
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Rudy Guede, the only person definitively convicted of the brutal 2007 murder of British student Meredith Kercher in Perugia, Italy, will be back in court this fall facing charges of sexual assault and violence against a former girlfriend.

Guede, a 38-year-old Ivory Coast native who has lived in Italy since the age of five, was sentenced to 30 years in prison for Kercher’s murder in October 2008. His sentence was reduced on appeal before he was released early for good behavior in 2021.

The case sparked a media frenzy, spawning more than two dozen books and three films.

More than 100,000 photos, thousands of chats and audio messages between Guede and the unnamed victim are among the evidence to be considered in the trial, according to the investigating magistrate Rita Cialoni, who ordered Guede to stand trial in a preliminary hearing in Viterbo on Friday.

The two began dating while Guede was still in prison and ended their relationship in 2023 when the woman pressed charges against him, according to Italian media.

American student Amanda Knox, who was Kercher’s roommate at the time she was killed, and Knox’s then-boyfriend Italian Raffaele Sollecito, were convicted in tandem for their alleged role in Kercher’s murder in 2009, but were fully exonerated by Italy’s Supreme Court in 2015 following a topsy-turvy legal battle.

A reproduction made 06 November 2007 of an undated picture shows British exchange student Meredith Kercher in Perugia.

Knox, remains convicted of slander for accusing her former nightclub boss Patrick Lumumba of Kercher’s murder in 2007.

Guede’s new indictment and trial stems from 2023 accusations of sexual assault, mistreatment and stalking, by a 25-year-old woman Guede dated from Viterbo, where Guede worked first on work release from prison and then after his release. His first hearing will be held November 4 in Viterbo.

His lawyer Carlo Mezzetti told CNN his client was innocent and feared he would not get a fair trial given his previous conviction.



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