Turkish Banks save the football clubs, ignores the farmers

Turkish Banks save the football clubs, ignores the farmers
Date: 7.1.2019 16:00

As a result of wastefulness of club managers, the Turkish clubs that stuck in swamp, are getting saved by Ziraat Bank.

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As a result of wastefulness of club managers, the Turkish clubs that stuck in swamp, are getting saved by Ziraat Bank.
Farmer and industrialist? They should take care of themselves! For those in trouble, bankrupt's certificate option is on the table!
Our state elders, have long thought of moved; some incompetence, some corruption, some as a result of the extravagance over 10 billion liras of the burden of the football clubs have taken the decision to recover. Under the leadership of Treasury and Finance Minister Berat Albayrak Clubs Association, to each club by the Football Association with salvage operations prepared by the Banks Association of Turkey fetching custom configuration. Some 5 years, some 2 years, 5 years non-grace period will be configured with options such as.
The number of companies announcing the bankruptcy approached thousands. Thousands waiting in line.
Minister of Commerce, Ruhsar Pekcan, recently answered a question about concordatism, "294 in joint stock companies, 552 in limited companies, reached a total of 846. There are 282 of them in Istanbul, 115 in Ankara, 65 in Izmir, 46 in Kocaeli, 28 in Mersin, 25 in Bursa, 13 in Hatay, 14 in Kayseri, others in 260," she said. 
The number of companies waiting for the order of bankruptcy is thousands of people. While the factories have been privatized and the companies declared bankruptcy, it should be supported to agriculture, farmers, industrialists and workers while the government is investing in football. 
Turkish Football Federation (TFF) President Yıldırım Demirören, General Directorate of Ziraat Bank, Turkey Banks Union Chairman Hüseyin Aydın and Super League club presidents met in Istanbul.
At the meeting where the debts of the clubs in the economic crisis were restructured and their maturities were discussed, the clubs were given time to prepare their balance sheets until 31 January 2019. Debts determined as a result of balance sheets will be installment up to 5 years.
Agriculture in the country self-sufficient in several Turkey, has become dependent on foreign AKP government in 16 years. In 2018, only $ 116 million worth of chickpeas and $ 224 million of sunflower seeds were imported. Animal imports are made attractive by the policies implemented. 2 billion 35 million by the government, animal husbandry, 5.3 billion liras, while the support of four elders Besiktas, Galatasaray, Fenerbahce and Trabzonspor 10 billion debt to be paid by Ziraat Bank.
Ziraat Bank will pay today both the Super League debts of teams in the lower leagues specified.
Most of his income from stat income and sale of the form of the four large debt, the transfers has exceeded the mountains. The four elders, who could not cover their incomes, could not form a balanced budget. In 2012, the debt of the four elders, which amounted to 62 million Turkish Liras, increased by 360 percent to 10 billion Turkish Liras. Fenerbahce 3 billion 500 million liras, Galatasaray 2 billion 689 million liras, Besiktas 2 billion 495 million and Trabzonspor 1.1 billion liras. On the other hand, when the other clubs in the Super League are included, the total debt reaches 14 billion Turkish Liras.


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