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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