Lyon owner Textor to take step back from running club after relegation to Ligue 2
"Our success on the pitch has not been matched by our success off the pitch," Textor told AFP in relation to Lyon's plight despite them finishing sixth in Ligue 1 in the season just finished to qualify for Europe.
Textor runs Lyon in his role as president of Eagle Football, the group which owns several clubs including Brazilian champions Botafogo.
But he admitted that his efforts to reduce Lyon's debts and solve their problems have not been enough to convince French football's financial watchdog, known as the DNCG.