Dursun Özbek has revealed the danger awaiting Galatasaray: We could face punishment from UEFA.

Galatasaray Club President Dursun Özbek said at the extraordinary general assembly meeting held to request authority on real estate projects and club properties that if they cannot fix the negative equity situation, they may receive a penalty from UEFA.

"WE MAY RECEIVE A PENALTY FROM UEFA"

Dursun Özbek mentioned the possibility of Galatasaray receiving a penalty from UEFA due to the financial fair play rules. He said, "UEFA is constantly on our case. We are currently in a negative equity situation. They are telling us to fix it immediately. If we cannot fix it, we will most likely face a penalty."

NATIONAL TEAM REMARKS

Özbek also spoke about the quarter-final match between the Turkish National Football Team and the Netherlands in the 2024 European Championship. He said, "There is a very important match tonight. Our national team will play against the Netherlands for the semi-finals. We all see how big of a contribution Galatasaray has made there. Hopefully, they will win the match tonight."

FLORYA HOUSING PROJECT

Özbek also talked about the Florya Housing Project and stated that their initial plan was to build this project with the club's resources. He mentioned that there have been some developments in the past 2 years and said that the difference between housing price increase and construction cost has closed.

Özbek also said, "The interest we pay to the Banking Association has increased from 15% to 51%. As a result, our club now pays approximately 35 million dollars in interest per year."

ERDEN TİMUR ASKED FOR FORGIVENESS

Meanwhile, former vice president of Galatasaray Sportif AŞ, Erden Timur, who spoke at the meeting, expressed his opinion on the Florya housing project, saying, "I personally believe that we should do it ourselves."

Timur, who supported the motion regarding the projects for which authority was requested in order to maintain unity, said, "I thank everyone who contributed."

Timur, who is not part of the new management of the yellow-red club, concluded his speech by saying, "I ask everyone to forgive me for any mistakes I have made."