15.04.2025 14:00
Beşiktaş, Fenerbahçe, and Galatasaray are continuing their efforts to exit the Banks Association Agreement. Trabzonspor was the first club among the "big four" to leave this agreement. The debts of Beşiktaş, Fenerbahçe, and Galatasaray to the Banks Association are 4.02 billion TL, 3.31 billion TL, and 1.33 billion TL, respectively.
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The Turkish Banks Association is working hard to completely eliminate the debt burden after Trabzonspor paid off its debts, while Beşiktaş, Fenerbahçe, and Galatasaray are also making intense efforts to either completely get rid of this burden or reduce their debts to a minimum level.
In recent months, all four clubs have increased their capital in publicly traded companies through paid capital increases, using the revenue generated for payments to the Banks Association.
THE HIGHEST DEBT BELONGS TO BEŞİKTAŞ
According to the financial disclosure reports sent by the clubs (publicly traded companies) to the Public Disclosure Platform (KAP), the club with the highest debt to the Banks Association is Beşiktaş. Fenerbahçe ranks second in the debt classification to the Banks Association, while Galatasaray is in third place.
The debts of the clubs to the Banks Association as of February 28, 2025 are as follows;
- Beşiktaş: 4.02 billion TL
- Fenerbahçe: 3.31 billion TL
- Galatasaray: 1.33 billion TL
- Trabzonspor: -
Total: 8.66
Even if the big four exit the Banks Association agreement, they cannot escape the debt burden. As of February 2025, the clubs' corporate debts, excluding the Banks Association, reached a total of 35.75 billion lira (943.3 million euros).
- Galatasaray: 11.13 billion TL | 293.9 million euros
- Fenerbahçe: 9.68 billion TL | 255.5 million euros
- Beşiktaş: 7.93 billion TL | 209.3 million euros
- Trabzonspor: 6.99 billion TL | 184.6 million euros
- Total: 35.73 billion TL | 943.3 million euros
Excluding the Banks Association, short-term debts constitute 75% of the total debt of the clubs. In other words, as of February 25, 2025, the clubs are obliged to pay off 26.75 billion lira of debt within one year. In contrast, the clubs' current assets, that is, their short-term receivables, amount to 7.19 billion lira. The four clubs need to find a source of 19.56 billion lira (515.9 million euros) during this period.
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