04.06.2026 11:31
A leadership crisis is unfolding at Karşıyaka, one of Turkey's most established sports clubs. Ahead of the elections, no presidential candidates have come forward at the 114-year-old club due to a debt burden exceeding 647 million lira.
The recent development at Karşıyaka, one of Turkey's most established sports clubs, has caused concern in the community ahead of the elections. No candidate has come forward for the presidency before the general assembly with elections to be held on June 11 at the green-red club.
PRESIDENT'S SEAT REMAINS VACANT
At the ordinary financial general assembly of Karşıyaka Sports Club, the current management was discharged, and all eyes turned to the congress with elections. However, at the last congress held on April 7, the election item was postponed due to a lack of candidates. The situation has not changed before the new congress.
DEBT BURDEN LEADS CLUB INTO A DEAD END
The biggest reason for the lack of presidential candidates at Karşıyaka is said to be the club's heavy financial situation. According to data announced at the financial congress, the club's debt reached 647 million 260 thousand TL, excluding ongoing lawsuits and files. It was stated that when interest burdens are added, the total debt rises to approximately 1.1 billion TL.
PUBLIC DEBTS DRAW ATTENTION
It was announced that Karşıyaka has 413 million TL in tax debt and 312 million TL in SSI debt. The total public debt, including interest, reaches 725 million TL, and the club is said to be expecting a new restructuring.
RESTRUCTURING FAILED DUE TO LACK OF 1.2 MILLION TL
Karşıyaka, which restructured its tax and SSI debts in 2023, lost its advantage when it could not make one of its installment payments last summer. It was stated that the restructuring broke down because the required 1.2 million TL could not be found in the first week of the management taking office, and the interest burden came back into effect.
EXPERIENCING ONE OF ITS TOUGHEST PERIODS IN HISTORY
It is said that the 114-year-old Karşıyaka, which has achieved significant successes in football, basketball, and many branches, is going through one of the most difficult financial processes in its history. For the future of the club, all eyes are on the congress to be held on June 11.