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The debts of the Premier League football clubs amounted to about 13.5 billion Turkish lira (2.3 billion euros), and the bulk of the debt, represented by the debts of the four largest clubs in Turkey, according to the newspaper "The time".
The financial statements of the four biggest clubs have indicated that their total debt has reached 9.5 billion lire after the increase in exchange rates over the last two months, the total amount amounting to 8.7 billion lire .
According to badysts, the next period will be the revenue of the four main clubs from financial institutions and their financing.
The clubs are trying to make agreements with European football badociations in order to avoid imposing on them strict financial penalties due to the strict financial regulations of UEFA. They are committed to financially monitoring EU revenues and spending.
Sports badysts believe that the recent rise in the exchange rate against the Turkish lira has plunged these clubs into the quagmire of debt on the verge of bankruptcy.
"Turkish clubs do not seem to be able to pay hundreds of millions of euros," said sports economist Tgroul Akshar, citing the aftermath of the club crisis.
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The debts of the Premier League football clubs amounted to about 13.5 billion Turkish lira (2.3 billion euros), the bulk of which is constituted by the debt of the four largest clubs in Turkey, Zaman reported.
The financial statements of the four biggest clubs have indicated that their total debt has reached 9.5 billion lire after the increase in exchange rates over the last two months, the total amount amounting to 8.7 billion lire .
According to badysts, the next period will be the revenue of the four main clubs from financial institutions and their financing.
The clubs are trying to make agreements with European football badociations in order to avoid imposing on them strict financial penalties due to the strict financial regulations of UEFA. They are committed to financially monitoring EU revenues and spending.
Sports badysts believe that the recent rise in the exchange rate against the Turkish lira has plunged these clubs into the quagmire of debt on the verge of bankruptcy.
"Turkish clubs do not seem to be able to pay hundreds of millions of euros," said sports economist Tgroul Akshar, citing the aftermath of the club crisis.
