Employees work on the construction of Vodafone Arena, which will be the new home ground of Turkish Soccer team Besiktas replacing the old Inonu Stadium, in Istanbul, Turkey February 2, 2016. REUTERS/Murad Sezer
ISTANBUL (Reuters) - Ambitions to secure a place at international soccer's top table have come at a high cost for Turkey's leading clubs, which are now struggling to navigate a sea of debt after years of heavy spending.
Galatasaray, one of the "big three" Istanbul teams, could face a ban from Europe's ruling body UEFA this month over its failure to meet "financial fair play" rules over the size of its losses, while other clubs have been warned over their debt levels.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
