Fenerbahçe's debt announced!

The debt of the yellow-navy club was announced at the Fenerbahçe Sports Club High Council Meeting. Fenerbahçe Audit Board Member Mehmet Vodina announced that the club's debt is 8 billion 276 million TL.

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The November Ordinary Meeting of the Fenerbahçe Sports Club High Council has begun at the Faruk Ilgaz Facilities. The yellow-navy club's general secretary, Burak Kızılhan, made statements at the meeting.

BURAK KIZILHAN: OUR OLYMPIC ATHLETES BROKE TURKISH RECORDS

In his statement, Kızılhan said, "A 3-month period has passed in which we started the season in our team sports, rushed from stadiums to arenas, felt proud of the news coming from our Olympic athletes, and demonstrated our competitive identity as Turkey's biggest sports club. Our club, which sends the most athletes to the Olympics, has already secured 5 quotas for the 2024 Paris Olympics. While Buse Naz Çakıroğlu, Hatice Akbaş, and Samet Gümüş in boxing, Kuzey Tunçelli in swimming, and Ersu Şaşma in athletics have secured their tickets to Paris, many of our athletes continue their efforts to obtain Olympic quotas. Furthermore, our Olympic athletes have broken Turkish records during this 3-month period. Our Fenerbahçe continues to work, constantly operating and producing without pause," he said.

Following Burak Kızılhan, the heads of all branches at the yellow-navy club provided information to the members.

FENERBAHÇE'S DEBT IS 8.2 BILLION TL

It was announced that Fenerbahçe Sports Club's debt as of May 31 is 8 billion 276 million lira.

Speaking at the High Council meeting at the Fenerbahçe Faruk Ilgaz Facilities in Kalamış, Fenerbahçe Sports Club Audit Board Member Mehmet Vodina stated that the audit covered the period between January 1 and May 31, 2023.

Vodina stated that the club's short-term liabilities are 3 billion 871 million lira and long-term liabilities are 4 billion 405 million lira, announcing the club's total debt as 8 billion 276 million lira.

Vodina noted that the club's total assets are 2 billion 760 million lira.

SUPER CUP DECISION

On the other hand, the Fenerbahçe High Council accepted the motion that the Super Cup match to be played against Galatasaray should not be played in Saudi Arabia. A recommendation was made for the Super Cup to be played at the Atatürk Olympic Stadium or the Samsun 19 Mayıs Stadium.

The High Council will notify the Fenerbahçe Board of Directors of this decision.

News Source: 12punto