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ISTANBUL/ANKARA (Reuters) - Turkey's top football clubs such as Galatasaray and Fenerbahce will have their mounting debts restructured but not written off by the country's banking association as top tier teams have racked up more than 10 billion lira (£1.4 billion) in debt.
ISTANBUL: UEFA president Michel Platini welcomed the English Premier League backing his demands for more financial transparency from clubs, but stressed the need for all clubs to urgently curb debts before they start going bankrupt.
BUENOS AIRES: The kick-off to the Argentine domestic soccer season was put on hold indefinitely on Tuesday, while the game's national governing body sought a solution to the clubs' massive debts.
MELBOURNE (Reuters) - The owners of three-times A-League champions Brisbane Roar have only days to clear their debts or risk losing control of the financially-stricken club.
PETALING JAYA: Malacca have put their participation in next season's Malaysian Super League (MSL) in doubt as they are unable to settle outstanding debts amounting to almost RM2mil.
Johor FA president Tan Sri Mohd Ali Hashim has taken it upon himself to clear the association's mounting debts, which has hit a staggering RM13.6 million as at Dec 31 last year.
A senior UEFA official warned clubs with heavy debts yesterday that they could be excluded in future from European competitions.
Levante players issued an ultimatum on Friday, saying they will take action next week if the cash-strapped Primera Liga club do not repay their debts to the squad.
Surprise Champions League semi-finalists Monaco are on the verge of securing the support of new investor to help ease debts of more than 50 million euros, Prince Albert of Monaco said.
SAO PAULO (Reuters) - Atletico Mineiro have settled their outstanding debts with players after Ronaldinho stepped in to lobby on behalf of his team mates, Lance newspaper said on Friday.