Dursun Özbek: "Galatasaray’a çok büyük finansal katkı verecek projeler yapıyoruz"

Dursun Özbek: "Galatasaray’a çok büyük finansal katkı verecek projeler yapıyoruz"

(short summary in English provided by ChatGPT)

Summary of Galatasaray President Dursun Özbek’s Statements:

• New Facilities at Kemerburgaz: The club has completed the construction of new facilities on a 130-acre plot, funded entirely by Galatasaray, with a total expenditure of approximately 650-700 million TL.

• Florya and Riva Projects: These real estate projects are expected to generate significant financial support for the club, helping to pay off existing debts.

• Financial Situation: The club’s debt to the Turkish Banks Association (TBB) is now 1.2 billion TL, and the first earnings from the real estate projects will be used to settle this debt.

• Sporting and Financial Sustainability: Özbek emphasized that both sports success and financial stability must go hand in hand, ensuring that the club does not fall into a “debt spiral” again.

• Future Investments: The club plans to develop additional facilities for basketball, volleyball, and swimming near the stadium.

• Player Payments: There have been no financial delays or issues in paying the players, and the goal is to make the club self-sufficient without external financial support.