Beşiktaş gets new president amid TL 2.6billion debts.
Ahmet Nur Çebi becomes Beşiktaş's new president.
Beşiktaş, Turkey's sporting giant got it's 34th president in the person of Ahmet Nur Çebi after former President Fikret Orman resigned on Sept. 24 2019.
15,000 club members participated in the voting which took place at the club's extraordinary general meeting held at a conference hall.
Çebi won over other candidates like, Serdal Adalı and Hürser Tekinoktay.
Orman's seven and a half years at the helm of affair at the club, brought in over TL 2billion in debts, several titles, including two Süper Lig wins, one men's basketball title and eight men's handball titles.
He also played a crucial role in the construction of the club's current stadium, Vodafone Park. Beşiktaş also bought 77 football players during Orman's presidency.
My Thoughts.
I think Orman is a terrible money manager for having succeeded in creating a debt of over TL 2billion in 7 years of being president.
The clubs debt at his assumption was TL 560m and seeing the increase makes you wonder why and how.
This position is a whole burden on Cebi who is inheriting over TL 2.6billion in debts from Orman. The pressure will be on him to deliver the club from debts and also drive profitability.
What do I know? Just thinking out loud and hoping this elected president has his day and turns the club around.
Pix/additional reading.
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Hehe, 2.6 Billion Turkish Lira, I have no clue how much that is in EURO, but it's a classic mistake in European football. Clubs aren't run like businesses, in business you have to create a steady income stream and from there you can work. In football that rarely happens, players are bought, get oversized contracts which the budget can't handle and the clubs debt goes deeper and deeper. I always wonder who are the banks that keep giving these clubs credit?
I wish the new chairman lots of luck to make the club healthy, but I doubt he will do it!
That is 398,127,597.40 Euro and it isn't small money. It beats me how they are bale to amass so much debt and also good question about which bank gives them the credits.
I just see the new guy harvesting so much grieve because, it is not gonna be an easy ride for him.