ANKARA (Reuters) - Turkey's banking association said on Friday that the restructuring of the mounting debts of the country's top football clubs was moving forward, adding that the debts would be matured for five years, with two years without paying the principal on the loans.
In January, the Turkish banking Association (TBB) said Turkey's top football clubs, such as Fenerbahce and Galatasaray, will have their debts restructured but not written off, in a move to ease their spiralling debts.
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