The 4 big guys, who have difficulties in rolling over the debts, which increase a little more every year, made a new move.
Clubs that had previously agreed with the Banks Association wanted the contract to be revised.
After the negotiations, it was learned that the agreement was reached and the previously signed agreement, which was 2 years without principal payment and 5 years, will be revised as 9 years.
NO 2 YEAR CAPITAL PAYMENT
According to the agreement to be signed as 7 + 2 years, the clubs will not pay the principal for 2 years. Principal payment will start from the 3rd year.
According to the news of Milliyet; Presidents of Beşiktaş, Fenerbahçe, Galatasaray and Trabzonspor clubs will meet at Denizbank Headquarters today. Ziraat Bank, Halkbank, as the general manager and representatives of Denizbank, and Yapi Kredi as Turkey Football Federation (TFF) President Nihat Ozdemir will also take place at the meeting.
Conditions of restructuring will be discussed at the summit for the last time and the parties will exchange views on critical issues. It was stated that the Banks Association approved the plan that the clubs and banks had previously determined together and a consensus was reached for the 7 + 2-year restructuring agreement.
In today’s summit, it was emphasized that clubs and banks will sign a new restructuring and the agreement will be officially announced to the public later.
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