Galatasaray Sports Club Annual Ordinary General Assembly Meeting continues at Haliç Congress Center. At the meeting, Galatasaray Sportif AŞ Deputy Chairman Erden Timur made a presentation on financial issues. Timur said, “We say our total liabilities are 9 billion 500 million TL, but actually our real liability here is 6 billion 693 million TL. In these liabilities, some of our contracts last 5 years, some of our maturities reach 6 years. It includes all of them. The total of our liabilities for approximately 4 years is 6 billion 693 million TL.” said.
“IT OFFENSES ME BECAUSE HE DID NOT SAY IT ON KNOWLEDGE”
Clarifying the issues he is interested in, Erden Timur said, “I am always held responsible for the expenses. I have to express this myself by apologizing for not being expressed. I do not only do things related to Galatasaray’s football. I do not only do things that generate expenses. What am I doing? I have been dealing with the sponsorship part for the last 3 months. I took care of the combination and ticket part. I am interested in the entire project process of the Florya project. I do all the construction works of the Kemerburgaz project. I do all the construction works of Galatasaray Island. I took care of the Mecidiyeköy project from beginning to end. I work with our president Dursun on the bank relations and cash flow relations of Sportif AŞ. “I also apologize for having to say this. It only bothers me that he didn’t say it on purpose. Because it wasn’t said on purpose. Unfortunately, today I understood it clearly. I’m trying to do something, whether it’s right or not,” he said.
“EVERY MANAGER SHOULD HAVE A GOAL”
Saying that the general assemblies should make some demands from the management, Timur said, “We need to ask for the projects that will end all our debt and put us among the top 10 clubs and with what resources they will develop them. Let’s demand that monthly information meetings be included in the statute for high-level transparency. When there is transparency, manipulation also decreases. Also “Performance targets for all board members, including subsidiary companies, should be determined in each balance sheet period, and a manager’s performance report should be published every three months. Every manager should have a goal. If we can change these three headings, it will contribute greatly to sustainability,” he said.