Galatasaray terminated the controversial $14 million sponsorship agreement.

30.09.2024 23:10

Galatasaray announced the cancellation of its sponsorship agreement worth 14 million dollars with Serwin Global Solutions. The yellow-red team informed the Public Disclosure Platform (KAP) that the sponsorship agreement, which was suspended after discussions, was terminated following the cancellation of the permission granted by the Turkish Football Federation (TFF).

Galatasaray announced that the $14 million sponsorship agreement with Serwin Global Solutions SDN BHD has been terminated following the cancellation of the permission granted by the TFF.

CANCELLATION OF PERMISSION GRANTED BY TFF

In the statement, it was said, "The contract between our Company and Serwin Global Solutions SDN BHD, which was announced to be suspended on 17.09.2024, has been terminated upon notification of the cancellation of the permission granted by the TFF in a letter dated 26.09.2024."

WHAT HAPPENED?

The sponsorship agreement on the back of Galatasaray's jersey during the Çaykur Rizespor match had brought about discussions. The yellow-red club had announced that the contract was suspended until the allegations were clarified.

Galatasaray terminated the controversial $14 million sponsorship agreement.

CANCELLATION OF PERMISSION GRANTED BY TFF

WHAT HAPPENED?

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