Sponsored Links
Categories: More News

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.

Sponsored Links
Tags: Bursaspor
Sponsored Links

Recent News

Turkish goalkeeper Volkan Demirel retires

The veteran goalkeeper has called time on his professional playing career. Fenerbahce's long time goalkeeper, Volkan Demirel, has announced his… Read More

September 2, 2019 11:59 pm

Galatasaray sign Falcao on €5m-a-year deal

The Lions have completed the transfer of Colombian striker Radamel Falcao from AS Monaco after weeks of negotiations. Turkish Super… Read More

September 2, 2019 11:48 pm

Besiktas loan Abdoulay Diaby from Sporting CP

The Black Eagles have loaned Mali winger Abdoulay Diaby from Portugal's sporting CP for a season. Besiktas have announced the… Read More

September 2, 2019 11:45 pm

Falcao greeted by thousands of Galatasaray fans

The Colombian striker was welcomed by over 25,000 Galatasaray fans at Ataturk Airport in Istanbul on Sunday evening. Thousands of… Read More

September 2, 2019 2:20 am

Fenerbahce sign Luiz Gustavo on four-year deal

The Yellow Canaries have struck a deal with Olympique Marseille for defensive midfielder Luiz Gustavo. Fenerbahce's lengthy negotiations with Olympique… Read More

September 2, 2019 2:14 am

Diagne rejects Anderlecht, joins Club Brugge

The Senegal international will spend the 2019-2020 season with the Belgian football club Club Brugge. Galatasaray have announced on Sunday… Read More

September 2, 2019 2:11 am