27.12.2024 17:40
The anticipated paid capital increase at Galatasaray has been officially announced. In a statement made to the Public Disclosure Platform (KAP) by the yellow-red club, it was noted that the increase has been approved by the Capital Markets Board (SPK). Thus, Galatasaray will generate a revenue of 1 billion 728 million lira, and will use all of this money to exit the Banks Association.
Galatasaray Club announced that the request for a paid capital increase has been approved by the Capital Markets Board (CMB).
In a statement made to the Public Disclosure Platform (KAP), it was stated, "The prospectus prepared for the increase of our company's paid capital, which is 1,080,000,000.-TL within the registered capital ceiling determined as 5,400,000,000.-TL, by cash (paid) contribution of 4,320,000,000.-TL (%400) to reach 5,400,000,000.-TL has been approved by the Capital Markets Board with its letter dated 27.12.2024 and numbered E-29833736-105.01.01.01-65225. The approved Prospectus is attached as Appendix 1."
EXITING THE BANKS' UNION
Accordingly, Galatasaray will generate 1 billion 728 million lira in revenue from this agreement. The yellow-red club, which prioritizes exiting the agreement made with the Banks' Union, will use this revenue directly to exit the Banks' Union without spending a single kuruş on transfers or other expenses.