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Galatasaray, Fenerbahce, Besiktas and Trabzonspor and Banks Consortium signed a 9-year new structuring agreement today.
7 + 2 YEAR AGREEMENT
Four major clubs and the Banks Association agreed to restructure the old 5 + 2 year agreement as 7 + 2 years. Clubs will not pay principal for 2 years.
WE GET THE NECESSARY ACTIONS
TFF President Nihat Özdemir said, “As a result of long-lasting negotiations, our four big clubs are undergoing restructuring. With this restructuring, our clubs will be relieved. They will be able to breathe and look in front of them more comfortably. Our aim is to ensure that our clubs remain in a certain financial structure. Our clubs have lost a lot of income due to the pandemic. They also have problems in cash flow. We took the necessary actions with UEFA. We provided the necessary facilities in team limit and licensing. ” He spoke in the form.
Nihat Özdemir said, “As a result of long-lasting negotiations, our four big clubs are undergoing restructuring. With this restructuring, our clubs will be relieved seriously. They will be able to breathe and look in front of them more comfortably. Our clubs had a lot of income due to the pandemic. They also have problems in cash flow. We took the necessary actions together with UEFA. We provided the necessary facilities in team limit and licensing. ” He continued with his statements.
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AHMET NUR ÇEBİ: A MİLAT TODAY
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Beşiktaş President Ahmet Nur Çebi said, “Today is a milestone. I hope we will behave in the future to deserve this. We all brought this situation here. We should be more organized in the future. The situation we are in was not pleasant. If the banks did not give the necessary support, we would not be able to carry Turkish sports forward. After that, financially. We have to be in discipline. Maybe it may have saved the present, but for these clubs to survive for the future, the managers must protect their financial discipline and stay away from populist behavior. ” He spoke in the form.
MUSTAFA CENGİZ: FINANCIAL DISCIPLINE IS VERY IMPORTANT
Galatasaray President Mustafa Cengiz said, “One year is mentioned, but this is actually a 3-year process. This event goes back to the time of former TFF President Yıldırım Demirören. We also received criticism from some segments when we made the first agreement. I have been in business since the beginning of the process. At that time, he had a debt of 14 billion TL and had an income of 4 billion TL. Our Minister of Sports concentrated on this business as soon as we came in. Even if we didn’t spend it, that money would not be enough for us. Afterwards, with the contributions of Mr. President and Mr. Berat Albayrak, we completed this process to 9 years without paying 2 years. The support of our banks is very pleasing. There may be those who think that we should be president for 2-3 years. Financial discipline is very important for Galatasaray presidential candidates. UEFA disciplined us. We also suffered. We also had a shortage of staff. I thank our government, I thank our banks. “
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AĞAOĞLU: IT IS OBLIGATORY TO FOLLOW THE RULES
Stressing that the club that does not comply with the rules will be punished by the Banks Association, Trabzonspor President Ahmet Ağaoğlu said, “It would not be right to evaluate this business only as a restructuring of debts. It is a necessity to comply with the UEFA Financial Fair-Play rules that have existed for years but we always prefer to walk around. Financial violations brought us to this point. For the first time in the history of the Republic, we see that the Banks Association and TFF, clubs prevented the violation of FFP. Those who do not comply with these rules will receive the punishment from the Banks Association before UEFA, “he said.
ALİ KOÇ: IT WAS NOT EASY
Fenerbahce President Ali Coach “We have been involved in this process in the last year. We could not enter the process that started 2.5 years ago due to the conditions. We were hoping to complete the process in September-October, but it was not easy. We will try to comply, there will be periods that we do not comply. Legal bet went up to 60 million TL. Our state can deduct it from the receivables of the clubs and give it directly to the Banks Association. It will facilitate this process. “
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