ISTANBUL
Turkeys Football Federation (TFF) chairman Yldrm Demirren has described a plan aimed at restructuring the countrys football clubs debts, estimated to be some 10 billion Turkish Liras, as a milestone.
The deal the TFF has struck with the Turkish Banks Association [TBB] will strengthen the clubs financial and administrative structures and represents a strong contribution to Turkish sports, Demirren said during a televised interview on Jan. 7.
He reiterated that the envisaged plan is all about the restructuring of the existing debts.
Our clubs have lost credibility. Thus, given this unfavorable situation, restructuring is a must. We are talking about a debt standing at around 10 billion liras. They are all bankr…
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