Monaco Relegated Due To Cash Crisis 05/28/2003. Monaco have been relegated to the second division of the French football league after failing to explain their reportedly huge financial deficit. The Principality club finished runners-up to Lyon in the Championship, but have been demoted by the French Football Federation (FFF) after an investigation by its financial watchdog Monaco, who also won the League Cup this season, have six days to appeal against the decision. The giants of French football, who are coached by former national team captain Didier Deschamps, are said to has massed debts in excess of 50 millions euros. They are understood to have failed to provide assurances that their finances are in order and have been heavily punished as a result. Rob Hogley http://www.soccerage.com/en/13/n7685.html