Fener's actual debt is more like €350M, the rest are collaterals for credit. Galatasaray has more actual debt than Fener for example (in the €500M range). 90% of the debt is from the football division which is the largest and very reckless financially. It doesn't matter that much because Erdogan allows Turkish clubs to operate at levels of debt that wouldn't be possible for other clubs. Any Turks correct if I'm wrong.
Thanks for the info
Fener's actual debt is more like €350M, the rest are collaterals for credit. Galatasaray has more actual debt than Fener for example (in the €500M range). 90% of the debt is from the football division which is the largest and very reckless financially. It doesn't matter that much because Erdogan allows Turkish clubs to operate at levels of debt that wouldn't be possible for other clubs. Any Turks correct if I'm wrong.
According to Google these clubs are publicly traded therefore they have to obey some rules, they have to have certain level of debt to value ratio. At least that is what I would think.
According to Google these clubs are publicly traded therefore they have to obey some rules, they have to have certain level of debt to value ratio. At least that is what I would think.
Sure but this is not like in other countries because the biggest banks in Turkey are state owned, Ziraat, Halkbank and VakıfBank. I'm not an expert I just follow football, but the president loves football and he's directed to government to support the clubs. They receive a ton of state support, especially the big 4. This is what I mean. I remember the banks did a huge deb restructure to alleviate the clubs for example. You don't get this elsewhere
Sure but this is not like in other countries because the biggest banks in Turkey are state owned, Ziraat, Halkbank and VakıfBank. I'm not an expert I just follow football, but the president loves football and he's directed to government to support the clubs. They receive a ton of state support, especially the big 4. This is what I mean. I remember the banks did a huge deb restructure to alleviate the clubs for example. You don't get this elsewhere
I know Erdogan installed an authoritarian regime there, but sports actually benefited from his long rule. Besides, Turkey didn't have a democracy before, just a secular regime that didn't care about sports, which can be seen in the Turkish sports results until 2000. Where was volleyball in Turkey at that time? Their first major success in their sports was with the NT football team in 2000 and 2002. It might not have been the Erdogan effect yet, but state support for sports only grew year by year.
I know Erdogan installed an authoritarian regime there, but sports actually benefited from his long rule. Besides, Turkey didn't have a democracy before, just a secular regime that didn't care about sports, which can be seen in the Turkish sports results until 2000. Where was volleyball in Turkey at that time? Their first major success in their sports was with the NT football team in 2000 and 2002. It might not have been the Erdogan effect yet, but state support for sports only grew year by year.
Yea public funding is kind of unmatched and it's better organized usually, private funding can also be very unreliable especially in this global economy.
I know Erdogan installed an authoritarian regime there, but sports actually benefited from his long rule. Besides, Turkey didn't have a democracy before, just a secular regime that didn't care about sports, which can be seen in the Turkish sports results until 2000. Where was volleyball in Turkey at that time? Their first major success in their sports was with the NT football team in 2000 and 2002. It might not have been the Erdogan effect yet, but state support for sports only grew year by year.
Turkey didn't have a democracy before Erdoğan? WHAT THE ACTUAL FUCK?????? What's wrong with you and why are you so obsessed with a country you don't know any shit about????
Turkiye's been a democracy since like the 1950s, separation of powers and all (before Erdogan at least).
so VB - Zeren Spor is about to begin. Its good to watch after a while and whole bunch of nonsense to read. 
its Geoblocked again unfortunately, with vpn it works
geoblocking is so unserious.
Boskovic is now much closer to her old shape🥹
geoblocking is so unserious.
Uzelac is having such a great season as an all around OH, it’s going unnoticed cause her efficiency isn’t great but Zeren lives and dies on her performance.
From serving and attacking to passing she does it all rly well.
Uzelac is having such a great season as an all around OH, it’s going unnoticed cause her efficiency isn’t great but Zeren lives and dies on her performance.
From serving and attacking to passing she does it all rly well.
I was thinking the same for a long time, and when Lazareva joins the party as we can see they can play with any team head to head. 
So happy for my Serbian queens. Boskovic looks healthier and can the ball hard and uzelac is CRAZYYYY
Uzelac, as always, extra motivated vs Vakif. The sketchy side of Zeren aside, they definitely bring a bit more edge in these matchups vs top teams in the league compared to others.
So happy for my Serbian queens. Boskovic looks healthier and can the ball hard and uzelac is CRAZYYYY
youre not forgetting Dangubic 
If also Aleksic could play🥲
Cansu is fired up
Cansu is the best scorer of the set