The Banks Association of Turkey mobilized for the debts of the football clubs

The Banks Association of Turkey mobilized for the debts of the football clubs
Date: 8.1.2019 14:00

While the industrialist-tradesman announce their bankruptcy and the farmers and the citizens are in trouble but state mobilized for the debt of football clubs.

email Print zoom+ zoom-
The fact that the ruling party did not give enough support to agriculture, the exorbitant increases in the input prices caused a big blow to production. According to TMMOB Chamber of Agricultural Engineers (ZMO), while the farmers paid for diesel fuel in 2015 3.75 Turkish Liras and paid 6.32 in liras 2018. While fertilizer prices were 1.95 liras in 2015, its increased to 3.02 Turkish Liras.
 

NUMBER OF UNEMPLOYED 3 MILLION 746

 
In 2018, Turkish Lira depreciated by 30 percent against the US dollar. In this process, the number of companies declaring concordat has increased. A total of 846 companies, including Ulusoy, Pamukkale, Yeşil Kundura, Hotiç, Yörsan and Beta Shoe, declared their bankruptcy and announced that they could not pay their debt. In addition, many workers remained unemployed due to the economic crisis. TSI rate rising to 11.4 percent, according to statistics the number of unemployed in Turkey in September, 3 million 746 thousand.
 
The statement made by the Banks Association of Turkey (TBB), a study on the strengthening of the administrative and financial structures of football clubs and football clubs that do not involve the transfer was stated that a bank debt.
 
Turkey Banks Association (TBB) made a written statement, the football club of the administrative and financial structure of which is maintained in contact with the parties concerned of a study aiming to be managed in a coherent way, it's Turkey Football Federation (TFF) and the public announced on December 27, 2018 by TBB.
 
Although the detailed information about the study will be explained later, some of the news in some written and social media media reported that they do not reflect the truth in the statement, the following recorded: representations. Banks will be in a similar way to football clubs within the framework of this project, as well as the configuration facilities they offer to other sector customers. The relationship between our football clubs and banks is commercial and will continue with the same understanding. In this context; The debts of our football clubs will not be transferred to a bank and each bank will continue to manage its own credit risk.
 
Re-valuation and restructuring will not involve debiting of debts or pricing outside of market norms, he said. It is also known that the revenues of our clubs are sufficient to cover their expenses. However, with this study, it is aimed to restructure and restructure the indebtedness structure which is also affecting the future. This study, which brings strict financial criteria, does not mean that there is a new loan to football clubs.
 
The statement, work with the financial structure of the strengthening and football clubs to ensure that a modern structure of the rules and principles will be determined to determine the framework said.
 
In 2002, before the AKP government came to power, the farmers' loans were only 530 million liras. After 16 years, as of September 2018, the farmers' debt rose to 100.5 billion liras.
 
According to the Banking Regulation and Supervision Agency (BDDK) data, the farmers' credit debts increased by 190 times in the last sixteen years. Almost free land. Farmers who cannot sell their products in value and which are twisted with high input costs, especially diesel and fertilizer, and their debts to banks increase exponentially, are getting more and more difficult.

YEREL HABERLER

Milli Gazete Puplication Group All Rights Reserved © 2000-2016 - Can not be published without permission ! Tel : +90 212 697 1000  /  Fax : +90 212 697 1000 Software Development and System Support: Milli Gazete