The Total Debt of the Four Major Clubs Has Exceeded 108 Billion Turkish Lira.
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The total debt of the publicly traded companies of Turkey's four biggest football clubs – Beşiktaş, Fenerbahçe, Galatasaray, and Trabzonspor – has exceeded 108 billion Turkish Lira.
A striking picture emerged from the debt/income comparison of the four major Turkish football clubs.
The total liabilities of the publicly traded football companies of Beşiktaş, Fenerbahçe, Galatasaray, and Trabzonspor have reached 108.1 billion Turkish Lira. Galatasaray has the highest amount, while Beşiktaş has the heaviest debt burden relative to its annual revenue.
According to KAP (Public Disclosure Platform) data, the total debt of the four clubs' publicly traded companies exceeded 108.1 billion Turkish Lira. Galatasaray ranked first with 34.82 billion, followed by Fenerbahçe with 31.1 billion, Beşiktaş with 27.95 billion, and Trabzonspor with 14.23 billion Turkish Lira; Beşiktaş had the highest debt-to-revenue ratio.
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