At the meeting, accountant Levent Yaz made a presentation on behalf of the board of directors on the summary annual financial, managerial and sports activities of the club and its subsidiaries as of December 31, 2022.
Stating that Sportif AŞ made a loss in the 6-month period between 1 June and 30 November, Yaz said, “Sportif AŞ lost a total of 254 million liras. Our revenues did not increase as we wanted. We had problems in sponsorship revenues due to the bad season last season. “We haven’t been able to increase it. Our variable income (UEFA or Token) is almost non-existent so far. Finally, some previous contracts blocked us.” he said.
Comparing the costs of the football team with Fenerbahçe and Beşiktaş, Yaz said: “Fenerbahçe has spent 15-20 percent more than us. Our other rival Beşiktaş has spent a little less than us. The main reason for the loss is not our expenses. The main thing is that compared to our competitors, the last period “We had a bad season and the income we deserved could not be reached due to the economic difficulties of our country.” used the phrases.
Levent Yaz stated that the club lost 1 billion 14 million liras in 2022, but the loss decreased to 311 million liras due to the income of the Mecidiyeköy project.
In the presentation made by Ömer Çirkin, member of the supervisory board, it was stated that the total liabilities of the yellow-red club were 5 billion 818 million 247 thousand liras.
ANNUAL ORDINARY GENERAL ASSEMBLY AT THE END OF MARCH
The annual general meeting of the Galatasaray Club will be held on Saturday, March 18.
In the announcement made to the members of the council, it was stated that the general assembly would be held at the Haliç Congress Center. It was noted that if a quorum could not be achieved on that day, the meeting would be held on 25 March without seeking a majority.