Financial expert explains how Beşiktaş hope to raise ₺9,6b (€243m) with capital injection!
Our in-house financial expert Ural Alhan is back! With Beşiktaş officially announcing a capital injection to the Istanbul stock exchange (KAP), Ural will attempt to explain in Layman's terms what impact this will have on the club. What these funds will likely be used for and how that will impact the club.
Beşiktaş aim to exit the bank union (Bankalar Birligi) agreement, the Black Eagles currently have an openstanding $90m loan with the Bankalar Birligi on which they are paying nearly 50% interest. That means the club is paying nearly 50 million euros annually in bank loan interest! By exitting this loan, Beşiktaş' annual budget should drastically increase. In their last financial year Beşiktaş reported a total income of $97m, but half of that was being wasted on interest payments alone. By closing their loan with the Bankalar Birligi, Beşiktaş would theoreticlaly increase their budget for next season by 50%.
Ural Alhan also explains how Beşiktaş are hoping to raise not 4,8 Billion liras, as was being widely reported on Twitter and other social media, but 9,6 Billion liras. Which boils down to nearly 243 million euros. He explains how exactly Beşiktaş are trying to achieve this and he also refers to Trabzonpsor and Galatasaray who have done similar capital injections in the past year (which is how Trabzonspor were able to exit their loan agreement with the Bankalar Birligi).
This video is recorded as a members only livestream, our members get exclusive access to ask Ural some additional questions (in case they have any) regarding these complex financial topics. If you would also like to ask questions in future videos, please hit the join button!
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