Current debt table of the four major football clubs reflected in Public Disclosure Platform data
According to Public Disclosure Platform reports, while the total debt of the four major clubs was announced, Galatasaray had the highest total debt, and Beşiktaş had the highest debt relative to its revenue.
According to financial status reports submitted to the Public Disclosure Platform, the total debts of the four major clubs of Turkish football have become clear. Based on the disclosed data, Galatasaray became the club with the highest total debt, while Beşiktaş ranked first in the ratio of debt to revenue.
Total Debt Figures of the Clubs
According to financial reports submitted to the Public Disclosure Platform, among the four major clubs, the highest debt is at Galatasaray with 34.82 billion liras.
Galatasaray is followed by Fenerbahçe with a debt of 31.1 billion liras, Beşiktaş with 27.95 billion liras, and Trabzonspor with 14.23 billion liras.
Source and Structure of Debts
A significant portion of the total debts of the four major clubs consists of trade payables and advance collections of revenues belonging to future periods.
The advance collection of revenues obtained from items such as private boxes, season tickets, sponsorships, and advertising affects the liabilities on the clubs' financial statements.
Highest Debt Relative to Revenue is at Beşiktaş
The picture becomes clear when the total debts of the clubs are compared with their inflation-adjusted annual revenues for the 2025-2026 season.
The black-and-whites' total debt of 27.95 billion liras corresponds to 2.28 times their annual revenue of 12.24 billion liras, allowing them to rank at the top in terms of debt-to-revenue ratio.
Debt and Revenue Ratios of Other Clubs
Beşiktaş is followed by Trabzonspor with a ratio of 2.15 and an annual revenue of 6.62 billion liras against a debt of 14.23 billion liras.
While Fenerbahçe's debt of 31.1 billion liras corresponds to 1.8 times its revenue of 17.23 billion liras, Galatasaray, which has the highest total debt, has the lowest ratio.
Galatasaray's Debt and Revenue Balance
Having the highest total debt figure among the four major clubs, Galatasaray has the lowest debt-to-revenue ratio with its annual revenue of 21.75 billion liras.
The yellow-red club's total debt stands at approximately 1.6 times its annual revenues.
Future Period Fees Excluded
The 108.1 billion lira total liability of the four major clubs does not cover all payments and contracts they will make in the future.
Guaranteed fees to be paid in periods after August 31, 2026, due to contracts made with football players and technical staff, have not been included in this amount.
Current and Due Payments
The portion of guaranteed fees for future periods that has not yet been recorded as debt has not been included in the calculations.
In contrast, football player and technical staff fees that were required to be paid as of August 31, 2026, but have not yet been paid, are included among the current debts.