Beşiktaş to lower its debt in the short-term


The Beşiktaş Club Ordinary Administrative and Financial General Meeting was held at Beşiktaş Club Akatlar Sports Complex on May 14 where Beşiktaş Football Club's funded liability was declared as TL 1.3 billion ($437.73 million).Beşiktaş Football Club's Audit Committee Chairman Feyyaz Tuncel announced at the congress that as of Aug. 31, 2015, Beşiktaş Football Club's funded liability was TL 1,328,101,108, and the total receivables of the Beşiktaş Football Club and its joint partners were TL 167,583,047, adding that the club is highly likely to lower its debt in the short-term.Meanwhile, Tuncel said the largest amount of revenue was managed in the Eagle's Nest - the official symbol of the football club - in 2015 for the first time since 2012, with a 34 percent increase in revenue. He said one of their biggest revenue sources, football player transfers, generated TL 56 million in income this year.