Total debt of the four major football clubs exceeded 108 billion liras

According to the financial position reports submitted to the Public Disclosure Platform by the publicly traded companies of Turkey's four major football clubs—Beşiktaş, Fenerbahçe, Galatasaray, and Trabzonspor—their total debt has surpassed 108 billion liras.

Debt Distribution of the Clubs

According to the financial position reports sent to the Public Disclosure Platform, Galatasaray ranked first as the club with the highest debt at 34.82 billion liras.

The yellow-red club was followed by Fenerbahçe with a debt of 31.1 billion liras, Beşiktaş with 27.95 billion liras, and Trabzonspor with 14.23 billion liras.

Reason for the Formation of Debts

A significant portion of the total debts of the four major clubs consists of commercial debts and advance collections of revenues belonging to future periods.

The advance collection of future revenues such as suites, season tickets, sponsorships, and advertisements is among the debt items.

Revenue and Debt Ratios

Beşiktaş became the club with the highest debt relative to its revenue, with the black-and-whites' total debt of 27.95 billion liras corresponding to 2.28 times their annual revenue of 12.24 billion liras.

While Trabzonspor's debt of 14.23 billion liras exceeded twice its annual revenue, Fenerbahçe's debt was calculated as 1.8 times its revenue.

Galatasaray, which has the highest total debt, became the club with the lowest debt-to-revenue ratio among the four clubs with its 21.75 billion liras in revenue.