Trabzonspor President Ertuğrul Doğan has unveiled a major plan to enhance the membership’s monetary standing, aiming for a considerable turnaround by way of a capital improve.
Speaking in regards to the initiative, Doğan assured, “Our efforts are shrouded in confidentiality and precision. Once implemented, Trabzonspor will be known not for its debts, but for its revenue and profits.”
The capital improve, which was accepted final week, is about to start out this month.
Doğan confirmed that the membership has already paid its share of TL 2.55 billion ($84 million).
“With this funding, we will exit the Bankers’ Association agreement this month, eliminating bank loans and financial expenses, which will mark a major improvement in our financial statements,” he mentioned.
Moves in Istanbul
Doğan highlighted two main tasks in Istanbul, beginning with the acquisition of the 30-year lease for the Kartal land final month.
“This milestone allows us to advance our planned projects on the Kartal facilities. We aim to generate over TL 3 billion in revenue from this project alone,” he famous.
Additionally, the membership is progressing on a considerable actual property enterprise, sustaining strict confidentiality.
Economic foundations
In Trabzon, Doğan hinted at upcoming vital tasks, aiming to reinforce the membership’s financial stability. “We plan to execute these projects under our publicly traded company, creating crucial revenue streams. This will solidify our economic framework and increase our positive equity substantially. With these new moves, we expect to resolve issues related to technical insolvency and debt-to-income ratios, meeting UEFA’s financial criteria.”
Championship glory
Doğan expressed confidence within the workforce’s prospects, stating, “The recent coaching change will reinvigorate our squad and quickly bring us into the championship race. Given the tight transfer window, we plan to make key signings during the mid-season. We are committed to taking every step necessary to be contenders for the title.”
Source: www.dailysabah.com