17.02.2025 17:50
Fenerbahçe executive Fethi Pekin provided information about the debts of the yellow-blue club and new sponsorship agreements. Pekin emphasized that when they take the planned steps, the debt will be close to zero, stating, "We don't have to make a 10-year deal like we did with Ülker. Even if it's 12 million euros, multiplying it by 10 would amount to 120 million euros (approximately 4.6 billion Turkish Liras)."
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Fenerbahçe executive Fethi Pekin made important statements about the club's debts and new sponsorship agreements.
Fethi Pekin's statements to Flash News are as follows;
"OUR DEBT HAS DECREASED BY OVER 200 MILLION EUROS"
"At the time we signed the restructuring agreement, our principal debt was approximately 320 million Euros based on the Euro exchange rate of that day. At that time, the Euro exchange rate was around 10 lira, and we had converted our debt into Turkish Lira. Accordingly, our principal debt was determined to be approximately 3 billion TL. At this point, with the recent capital increase we carried out, our principal debt has decreased to 80 million TL. Thus, we have achieved a reduction of over 200 million Euros in our debt."
"OUR DEBT WILL BE CLOSE TO ZERO"
In the upcoming period, we will increase our capital ceiling to 1.251 billion TL. After that, we will carry out another capital increase, reaching from 250 million TL to 1.250 billion TL. With the completion of this process, our debt will decrease from 80 million TL to around 40 million TL, and we will have completed this process within a few months. After this, we will have one more step, but since we are a publicly traded company, it would not be appropriate to provide details on this matter right now. However, I believe that once this step is completed, the debt will come close to zero.
STADIUM NAME AND JERSEY SPONSORSHIP
According to the evaluations made by our consultants, they foresee that we can reach an annual value of 12-14 million Euros. Just like with Ülker, we are not obliged to make it a 10-year deal. Even if it is 12 million Euros, multiplying by 10 would amount to 120 million Euros (approximately 4.6 billion Turkish Lira). I believe it will be more than that. We will sign a contract with our jersey sponsor adidas. The amount there is also high and satisfactory. We will generate significant revenue from that as well.
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