Thursday, August 25, 2011
ISTANBUL - Hürriyet Daily News
Fenerbahçe will be struck hard in terms of financial losses after being barred from the lucrative Champions League group stages, a writer on football economy says. If found guilty of match fixing, Fener’s financial woes will get deeper
 Fenerbahçe fans are devastated by the Turkish Football Federation decision to leave their team out of the Champions League, but bigger crisis is round the corner, as the side stares at severe economic problems. Hürriyet photo |
Fenerbahçe football club will lose approximately 25 million euros in revenue after it was banned from this season’s Champions League due to rigging allegations, but the team could be facing an even worse financial disaster, according to an expert.
“It seems that financially devastating days are ahead of Fenerbahçe,” Tuğrul Akşar, the author of “The Political Economy of Football,” told the Hürriyet Daily News in a Thursday interview.
Club revenues will tumble if the club is excluded from the Spor Toto Super League in addition to its European ban for its alleged role in a wide-ranging match-fixing scandal last season, Akşar said, adding that the team, which has a budget of roughly 105 million euros, could face losses of 100 million euros this year.
Fenerbahçe received a number of perks thanks to its 2010-11 championship, including 18 million liras in performance awards, 21 million liras in league solidarity funds and 25 million liras from broadcasting rights.
The club will be required to pay back a total of 64 million liras to the Turkish Football Federation, or TFF, in the event that it is banned from Super League competition, Akşar said.
The club’s operational cost will be nearly 65 million euros this year, he said, adding that there could also be a decline in sales of the club’s licensed products. “Considering everything, the total amount that the club will be required to pay could reach over 100 million euros,” he said.
“Sponsors might cancel their agreements with Fenerbahçe,” said Akşar. The first parting of ways, however, came the other way around: After the TFF’s decision, Fenerbahçe’s women’s volleyball team cancelled its sponsorship agreement with Acıbadem Hospitals, whose board includes TFF Chairman Mehmet Ali Aydınlar.
Turkey’s four big football clubs’ debt also reached 1 billion liras in June this year, said Akşar, noting that the total income of the Super League was nearly 1.3 billion liras. “This means that debts of the four big clubs are higher than the total income of all the [other] clubs in the league,” Akşar said.
Trabzonspor will take Fenerbahçe’s place in the Champions League, European football’s governing body, UEFA, said Wednesday. Following the decision, Fenerbahçe’s shares tumbled by over 9 percent shortly after trading was opened Thursday on the Turkish stock market and were trading at 43.7 Turkish Liras as of 11 a.m. local time. Meanwhile, Trabzonspor’s shares on the ISE opened 10.53 percent higher at 14.7 Turkish Liras during the bourse’s first trading session.
Trabzonspor received around 20 million euros from the TFF’s income pool this year league, said Akşar, adding that the team would now receive approximately 20 million euros in additional revenue by replacing Fenerbahçe in the Champions League.
“The team will boost its financial position by being able to make better transfers and increase its performances,” Akşar said.
As a result of the match-fixing allegations, more than 30 players and club officials have been jailed pending trial, including Fenerbahçe Chairman Aziz Yıldırım, Beşiktaş coach Tayfur Havutçu and Beşiktaş Deputy Chairman Serdar Adalı, in connection with the alleged manipulation of 19 matches last season.
“It seems that financially devastating days are ahead of Fenerbahçe,” Tuğrul Akşar, the author of “The Political Economy of Football,” told the Hürriyet Daily News in a Thursday interview.
Club revenues will tumble if the club is excluded from the Spor Toto Super League in addition to its European ban for its alleged role in a wide-ranging match-fixing scandal last season, Akşar said, adding that the team, which has a budget of roughly 105 million euros, could face losses of 100 million euros this year.
Fenerbahçe received a number of perks thanks to its 2010-11 championship, including 18 million liras in performance awards, 21 million liras in league solidarity funds and 25 million liras from broadcasting rights.
The club will be required to pay back a total of 64 million liras to the Turkish Football Federation, or TFF, in the event that it is banned from Super League competition, Akşar said.
The club’s operational cost will be nearly 65 million euros this year, he said, adding that there could also be a decline in sales of the club’s licensed products. “Considering everything, the total amount that the club will be required to pay could reach over 100 million euros,” he said.
“Sponsors might cancel their agreements with Fenerbahçe,” said Akşar. The first parting of ways, however, came the other way around: After the TFF’s decision, Fenerbahçe’s women’s volleyball team cancelled its sponsorship agreement with Acıbadem Hospitals, whose board includes TFF Chairman Mehmet Ali Aydınlar.
Turkey’s four big football clubs’ debt also reached 1 billion liras in June this year, said Akşar, noting that the total income of the Super League was nearly 1.3 billion liras. “This means that debts of the four big clubs are higher than the total income of all the [other] clubs in the league,” Akşar said.
Fenerbahçe slumps, Trabzonspor jumps
Trabzonspor received around 20 million euros from the TFF’s income pool this year league, said Akşar, adding that the team would now receive approximately 20 million euros in additional revenue by replacing Fenerbahçe in the Champions League.
“The team will boost its financial position by being able to make better transfers and increase its performances,” Akşar said.
As a result of the match-fixing allegations, more than 30 players and club officials have been jailed pending trial, including Fenerbahçe Chairman Aziz Yıldırım, Beşiktaş coach Tayfur Havutçu and Beşiktaş Deputy Chairman Serdar Adalı, in connection with the alleged manipulation of 19 matches last season.
Hiç yorum yok:
Yorum Gönder