Turkish Football News

Bursaspor face transfer ban due to economic crisis

Bursaspor face transfer ban due to economic crisis

The Green Crocodiles are gearing up for troubling times in the second division which is being compounded by their financial instability.

Recently relegated Bursaspor continue to have troubles as the latest financial reports peg their debt at approximately 500 million Turkish Lira (roughly €76 million) and it’s proving to be a massive obstacle for the Turkish club.

Despite being the most profitable team from transfers for the past six seasons, Bursaspor are facing a race against time to come up with cash in order to avoid significant punishment.

The club has been given until June 27 to come up with €675,000 in order to meet a debt re-payment deadline otherwise they face a transfer ban for two periods (winter and summer) as well as a point deduction from their upcoming season in the second tier of Turkish football.

For the past six seasons, the club generated €47,370,000 in revenue from transfers while spending €20,460,000. Thus, earning a profit of €26,910,000 from transfers, however, that has not been enough to keep the club afloat as reckless management under president Ali Ay has caused the club major financial issues.

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