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Crisis in Football
Turkish Football Was in Debt...And Turkish Football Clubs Lost Their Financial Health

tugrul

Futbolekonomi- 19 May 2019 According to Tuğrul Akşar's statement, Turkish football was in debt, therefore, these clubs lost their financial health. The most important deficiency of Turkish football is the lack of corparate governance which is the reason that Turkish football clubs are not well managed and controlled... 

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Debt-laden Turkish soccer clubs pay the price of ambition

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Reuters, By Asli Kandemir and Ceyda Caglayan, February 2, 2016 * Galatasaray could face UEFA ban over finances,

* Overspending, big egos at clubs fuel spiral of debt

* Soccer drive echoes Turkey's wider global ambitions

* Government plans new regulation to oversee spending

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Three Turkish teams banned from Europe contest

Hürriyet Daily News- 31 May 2012 Turkish football has been rocked again following last season’s rigging scandal, with three teams receiving one-year European bans for financial misdemeanors.

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Rangers on precipice as biggest club yet faces shocking bankruptcy

The Guardian 14 February 2012 The spectre of financial meltdown returned to British football on Monday after Rangers and Portsmouth both applied to be placed into administration. 

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Black economy overshadows green pitches
Gökhan Kurtaran- Monday, July 4, 2011
Turkey’s billion-dollar football economy is edging toward hard times as clubs in the country’s top league are facing a torrent of match-fixing allegations, professionals speaking to the Hürriyet Daily News said.
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Fenerbahçe replaced in UEFA Champions League
UEFA-25 August 2011-The UEFA Emergency Panel has decided to replace Fenerbahçe SK with Trabzonspor AŞ after the Turkish FA withdrew Fenerbahçe from the 2011/12 UEFA Champions League.
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Manchester United remain world's most valuable club
 
Associated Press-  21 April 2011 10:41
  •  Manchester United has been ranked football's most valuable team by Forbes magazine for the seventh year in a row, while Barcelona's valuation has dropped.
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Who owns Leeds United?

 

Ken Bates
David Conn- 6 April 2011
Ken Bates:  Photograph: Reuters/Reuters

The House of Commons select committee has added to the pressure on Ken Bates' club to state who is behind the offshore ownership.

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GLAZERS SAY NO CASH FROM CLUB

alt

19 November 2010

Fan groups want to know how the Glazers are funding the loan repayment.

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GLAZERS TO PAY DOWN PIK LOAN?

alt

19 November 2010

The controversial owners of Manchester United, the Glazer family, are reportedly planning to pay off a

payment-in-kind (PIK) loan worth around £220 million next Monday.

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