Critical general assembly for the future of Beşiktaş! Authorization granted for new projects

The extraordinary general assembly meeting of Beşiktaş Club was held at the Istanbul Congress Center Harbiye Auditorium. During the meeting, the authorization of President Serdal Adalı and the board of directors regarding projects related to club-owned real estate, the leasing of BJK Plaza, the public float ratio on the stock exchange, new real estate investments, and the extension of lease agreements was presented to the votes of the general assembly members.

The items regarding the signing of the 'Lease Agreement Additional Extension Protocol' with Fulya Akaryakıt Ticaret ve Sanayi Anonim Şirketi and the 'Settlement Protocol' with Aşçıoğlu İnşaat Taahhüt Turizm Ticaret A.Ş., which are included in clause 'j' of Article 23 of the bylaws, were rejected by majority vote. All remaining items, primarily the Dikilitaş real estate project, were accepted by majority vote.

Stating that they held an important general assembly for the future of Beşiktaş, Serdal Adalı said, "Today, we met here at a very important turning point for the future of our Beşiktaş. I owe a debt of gratitude to all Beşiktaş members who attended our general assembly, stood up for Beşiktaş, and showed their will. From today on, we will build a Beşiktaş that will walk toward championships in every field, with its management, community, fans, and athlete squads that will represent the Beşiktaş crest in the best way, as the rise of Beşiktaş begins. Let none of you have any doubt that we will protect the assets, money, and labor of Beşiktaş."

At the extraordinary general assembly meeting of the black-and-white club, the items for which the board was granted authorization are as follows:

"Authorization of the board of directors to acquire the ownership of the properties located on plot 7, block 64 and plot 7, block 66, adjacent to the property located on plot 7, block 75 in Dikilitaş Neighborhood, Beşiktaş District, Istanbul, from the Ministry of Youth and Sports; to pay the sale price to the Ministry in case of acquisition by sale from the Ministry of Youth and Sports, or to allocate other properties belonging to the club to the Ministry or to purchase property by the Club to be allocated to the Ministry in case of acquisition by exchange or other means; to construct or have construction carried out on this property; to develop real estate projects with public institutions and/or private legal entities on the aforementioned plot and adjacent plots, to form partnerships, to establish companies within this scope, to become a partner in the company for the project, to conclude construction contracts with revenue sharing models, construction contracts in return for land shares, sales, or promises of sale regarding the relevant property or the company; to carry out all kinds of technical and architectural projects and planning studies related to the projects to be carried out on the properties, to obtain zoning plans, zoning permits, and licenses of all scales, and to perform all kinds of administrative and legal procedures; to exercise authority in the broadest sense, including the establishment of real rights and personal rights and encumbrances on the properties in question, registration, cancellation, subdivision, consolidation, transfer, mortgage, pledge, lease, operation, construction (all permits to be obtained before and after construction), and all kinds of legal transaction authority regarding all rights arising from the land, and to carry out all kinds of work and transactions necessary to provide financing if needed."

"Authorization of the board of directors to purchase new real estate, to establish a real estate investment trust, to develop real estate projects, to carry out construction, or to improve the use of an existing building, to lease, to sell, to allocate, and to generate income in other ways, excluding the club's existing properties; to carry out all kinds of technical and architectural projects and planning studies related to the projects to be carried out on the property, to obtain zoning plans, zoning permits, and licenses of all scales, and to perform all kinds of administrative and legal procedures; to exercise authority in the broadest sense, including the establishment of real rights and personal rights and encumbrances on the property in question, registration, cancellation, subdivision, consolidation, transfer, mortgage, pledge, lease, operation, construction (all permits to be obtained before and after construction), construction in return for land share, revenue sharing, profit sharing, and all kinds of legal transaction authority regarding all rights arising from the construction or land, and to provide all kinds of related financing if needed, and to use all kinds of capital market instruments and tools in parallel with these purposes."

"Authorization of the board of directors to lease the property located at Vişnezade Neighborhood, Süleyman Seba Street, Akaretler, Beşiktaş, Istanbul (BJK Plaza) for a period of 10 years or more and to annotate the lease agreement to the land registry when necessary."

"Authorization of the board of directors to make decisions and implement them regarding the change of the public float ratio, provided that the share ratio in Beşiktaş Futbol Yatırımları Sanayi ve Ticaret A.Ş., where the club is the majority shareholder, does not fall below 51% in accordance with Article 23/m of the club bylaws, and to establish a pledge on the shares in accordance with Article 27/u."

The items rejected by the general assembly members are as follows:

"Authorization of the board of directors to extend the contract period for 15 years starting from 01.01.2026 with the 'Lease Agreement Additional Extension Protocol' signed with Fulya Akaryakıt Ticaret ve Sanayi Anonim Şirketi based on clause 'j' of Article 23 of the bylaws, and to annotate the lease agreement to the land registry in this direction."

"Informing the general assembly about the terms of the 'Settlement Protocol' planned to be signed in order to end the disputes arising from the 'Lease Agreement and Additional Protocols' dated 01.01.2008 signed with Aşçıoğlu İnşaat Taahhüt Turizm Ticaret A.Ş. regarding the leasing of the 15,066 square meter office block located within the BJK Fulya Süleyman Seba Complex, and obtaining authorization for the signing of the 'Settlement Protocol'."