ADVERTISEMENT

Football - Turkey's banking association says will restructure club debts


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.

The "Big Four" clubs - which also include Besiktas and Trabzonspor - have spent heavily to attract foreign stars. Poor domestic and international results have exacerbated the debts they have amassed.

   

ADVERTISEMENT