Remarkable picture in Beşiktaş, Galatasaray, Fenerbahçe and Trabzonspor: Total debt exceeded 108 billion lira

The total debt of the public companies of the four biggest clubs of Turkish football, Beşiktaş, Fenerbahçe, Galatasaray and Trabzonspor, exceeded 108 billion lira.

According to the information compiled from the financial status reports sent to the Public Disclosure Platform (KAP) by the club companies, Galatasaray was the club with the highest debt with 34.82 billion lira.

The yellow-reds were followed by Fenerbahçe with 31.1 billion lira, Beşiktaş with 27.95 billion lira and Trabzonspor with 14.23 billion lira.

A significant portion of the total debts of the four big clubs are commercial debts and future lodges, season tickets, sponsorships, advertisements, etc. It constitutes the advance collection of revenues.

The total debt and debt items in the football companies of the four clubs traded on the stock exchange under the names of Beşiktaş Futbol Yatırımları Sanayi ve Ticaret AŞ, Fenerbahçe Futbol AŞ, Galatasaray Sportif Sınai ve Nakit Yatırımlar AŞ and Trabzonspor Sportif Yatırım ve Futbol İşletmecilik Ticaret AŞ are as follows:

Debt item (billion TL)

BJK

FB

GS

T.S.

TOTAL

Commercial debts (transfer fee, management etc.)

9.77

13.45

16.07

4.56

43.85

Advance collections for future periods

8.05

9.18

8.66

3.59

29.49

To employees, the public, etc. debts

4.77

1.65

3.61

2.77

12.79

Financial debts (loan etc.)

2.64

-

5.03

-

7.68

Rental fees to be paid

0.84

6.35

0.12

0.21

7.52

Other debts (related parties, third parties, etc.)

1.67

0.03

1.15

2.9

5.76

Provisions

0.21

0.43

0.17

0.21

1.02

TOTAL

27.95

31.1

34.82

14.23

108.1

HIGHEST DEBT RATIO TO INCOME IS IN BEŞİKTAŞ

When the total debts of the clubs were compared with their inflation-adjusted annual revenues (revenue and investment activities income) for the 2025-2026 season, Beşiktaş was the club with the highest debt relative to its income.

The total debt of black and white people of 27.95 billion lira is equivalent to 2.28 times their annual income of 12.24 billion lira.

Beşiktaş is followed by Trabzonspor with a rate of 2.15. The 14.23 billion lira debt of the claret-blue team is more than twice their income of 6.62 billion lira.

Fenerbahçe's debt of 31.1 billion lira corresponds to 1.8 times its income of 17.23 billion lira.

Galatasaray, which had the highest total debt, had the lowest debt/income ratio among the four clubs with an income of 21.75 billion lira. The total debt of the yellow-reds is 1.6 times their annual income.

The ratio of the debts of the four clubs to their annual income is as follows:

club

2025-26 Revenue (billion TL)

Total debt (billion TL)

Debt/income

Besiktas

12.24

27.95

2.28x

Trabzonspor

6.62

14.23

2.15x

Fenerbahce

17.23

31.1

1.8x

Galatasaray

21.75

34.82

1.6x

TOTAL

57.84

108.1

1.87x

Note: In the comparison, the total liabilities of the clubs in their consolidated balance sheets dated 31 August 2026 and the total of revenues and income from investment activities for the 2025-2026 season were used. Incomes were adjusted for inflation adjusted to the purchasing power of the same date.

FUTURE PLAYER FEES ARE NOT IN THE DEBT ACCOUNT

The total liability of the four big clubs of 108.1 billion lira does not include all payments they will make in the future.