Total debt of the four major football clubs exceeds 108 billion liras
The total debt amount of the publicly traded companies of Beşiktaş, Fenerbahçe, Galatasaray, and Trabzonspor, which are rooted clubs of Turkish football, has shown a significant increase.
According to the reports submitted to the Public Disclosure Platform by the publicly traded companies of Süper Lig's four major clubs—Beşiktaş, Fenerbahçe, Galatasaray, and Trabzonspor—their total debts have exceeded 108 billion liras.
Debt Amounts According to KAP Reports
According to the information obtained from the financial status reports sent to the Public Disclosure Platform, the total debt burden of the four major clubs has exceeded the 108 billion lira threshold.
Debt Distribution and Ranking of the Clubs
While Galatasaray holds the position of the club with the highest debt at 34.82 billion liras, the yellow-reds are followed by Fenerbahçe with 31.1 billion liras.
Beşiktaş ranks third with a debt of 27.95 billion liras, while Trabzonspor completes this ranking with a debt amount of 14.23 billion liras.
Source of Debts and Revenue Ratios
A significant portion of the total debts consists of commercial debts and advance collections of revenues such as suites, season tickets, sponsorships, and advertisements pertaining to future periods.
While the highest debt relative to revenue is seen in Beşiktaş, the black-and-whites' debt has risen to many times their annual revenue.