21.04.2026 21:33
Galatasaray, which earned 170 million dollars from the first phase of Riva, expects over 700 million dollars in revenue from the second phase of Riva and Florya. Galatasaray, which attaches importance to sports facility development, is counting down the days for the second phase in Kemerburgaz, where it moved its A-team.
The yellow-red community, under the leadership of Galatasaray Club President Dursun Özbek, has begun the countdown for its important projects as it embarks on a facility development initiative.
GALATASARAY'S CENTURY PROJECTS
The yellow-red team, which moved from the Ali Sami Yen Stadium in Mecidiyeköy in 2011 to the new Ali Sami Yen Sports Complex in Seyrantepe, quickly achieved significant sporting successes in its new home, where it soon became accustomed. Galatasaray, which managed to create atmospheres that made headlines worldwide at RAMS Park with a capacity of approximately 54,000 spectators, having moved from the Ali Sami Yen Stadium with a capacity of about 22,000, also significantly increased its stadium revenue.
Galatasaray, which experienced occasional crises in the changing football economy after winning the UEFA Cup and UEFA Super Cup in 2000, also saw its debts rise considerably over time. The yellow-red club, working on solutions to financial problems, embarked on important projects under the leadership of President Dursun Özbek.
The yellow-red team's efforts to generate income through real estate projects and the associated facility development work began during Dursun Özbek's first term between 2015 and 2018. The authorization obtained by the Özbek administration at the extraordinary general assembly in October 2016 regarding the evaluation of the Riva and Florya lands was the first step of the entire process.
TOTAL REVENUE OF 400 MILLION DOLLARS EXPECTED FROM RIVA
Galatasaray's real estate projects began with construction in Riva. The yellow-red club transferred the Riva and Florya lands to Emlak Konut GYO for residential projects. Construction started with the first phase of the "Dreams Valley" project in Riva. Galatasaray earned approximately 170 million dollars from the first phase, where a revenue-sharing model was applied.
Emlak Konut undertook the project for the second phase. The yellow-reds aim for a profit of 230 million dollars from the project, the cost of which they will cover themselves. If the club's expectations are realized, the income will reach 400 million dollars.
WORK IN FLORYA HAS JUST BEGUN
In Florya, which started simultaneously with Riva, the first groundbreaking could only be made recently. While the yellow-red club was putting significant income from Riva into its coffers, it was only able to start the Florya project with a delay.
Having also transferred Riva and Florya, Galatasaray took action to move the Metin Oktay Facilities to Kemerburgaz. Since the new facility could not be built in Kemerburgaz due to legal issues regarding the land, Emlak Konut terminated the 2016 protocol for the Florya land.
Galatasaray, which reincorporated the 22-acre portion of the nearly 80-acre total land area belonging to it in 2019, also purchased approximately 40 acres of land from the National Estate in 2023.
With the resolution of the problems in Kemerburgaz, construction began. With the completion of the first phase of the new facilities in the first months of 2025, the yellow-red football A-team moved from Florya to Kemerburgaz. Subsequently, following the final stage of the tender process, a contract was signed with Nivak Yapı under the revenue-sharing model for the Florya Metin Oktay Facilities.
Income close to 500 million dollars is targeted from the project, where demolition and excavation work has begun.
FOOTBALL A-TEAM MOVED TO KEMERBURGAZ
While the first phase at the Kemerburgaz Metin Oktay Facilities, which is of critical importance for the Florya project, has been completed, work continues for the second phase. After overcoming legal issues, the first phase of the new facility built for the A-team in Kemerburgaz was established on an area of 40,000 square meters.
The facility includes two natural grass pitches, one of which is heated from the ground, and a goalkeeper training area. The constructed 14,000-square-meter camp building includes 46 bedrooms for players and technical staff accommodation, a 600-square-meter gym, physiotherapy and spa rooms, locker rooms, administrative staff offices, technical analysis rooms, a cinema hall, meeting rooms, and a dining hall. Approximately 700 million liras were spent on the first phase of the facility.
Galatasaray moved to Kemerburgaz in the first months of 2025 and conducted its operations there.
Work for the facility designed for the youth academy and women's football team in Kemerburgaz has reached the final stage. In the second phase, there will be four full-size football pitches (two natural and two artificial turf) on an area of approximately 60,000 square meters and an 8,000-square-meter camp building.
ASLANTEPE PROJECT
The latest project of Galatasaray Club became the Aslantepe Valley. Having gained financial benefits from the Riva and Florya projects, the yellow-red club allocated the Kemerburgaz Metin Oktay Facilities for sporting activities.
Galatasaray, planning to build a large facility to serve amateur branches on a total 60-acre land located on the descent from the Ali Sami Yen Sports Complex to Vadistanbul, has begun excavation work. The club will hold a groundbreaking ceremony on Thursday, April 23, for the giant complex to be built.
The facility, which will cost approximately 200 million dollars, will have 165,000 square meters of built area. The giant sports area will include a 13,000-seat basketball hall with 100 boxes, a 600-person basketball training hall, a 3,500-seat volleyball hall, a 1,000-person judo and multi-purpose hall, an indoor swimming pool, a 90-room camp facility, a 1,500-car parking lot, and a 300-800 person multi-purpose performance hall.
Additionally, the club's administrative center at RAMS Park will be moved to the new facility. Galatasaray Club aims to increase sporting success in amateur branches with Aslantepe while also aiming to save on management and operating expenses.
THE ISLAND IS RETURNING TO ITS FORMER GLORY
The Dursun Özbek administration reactivated Galatasaray Island. The facility on Galatasaray Island, which was demolished in 2017 due to problems with the operator, recently regained vitality. The license and deed issues of the island, which remained closed for a long time, were resolved. After renovation work, a part of the island was opened for service.
After the parcels belonging to the National Estate were acquired for the club, work accelerated on Galatasaray Island, where it is aimed to provide financial gain to the club through social facilities for members and also through new sections to be built.