Serdal Adalı announced what he calls "the biggest agreement in Beşiktaş history" during the club's 2025 Second Ordinary Divan Council Meeting held at Istanbul Congress Center on June 14. The club president revealed a major real estate project that could help tackle the staggering 16.4 billion Turkish Lira debt currently crushing the Istanbul giants.
"We've secured 70-75 million euros in resources over the past six months, with another 40 million euros in payments coming by year-end. But it's not enough - we need new sources of revenue," Adalı explained to council members.
The financial situation at "Beşiktaş" appears dire. The club is hemorrhaging money through interest payments alone - 125,000 euros daily, 4 million euros monthly, and a stunning 50 million euros annually. By the time you finish reading this article, the club's debt will have grown by thousands more.
Tevfik Yamantürk, the Divan Council President, also took the floor to apologize for an incident involving former president Hasan Arat during the previous council meeting in April. "I apologize to our community. What happened on April 12 shouldn't have occurred. Whether he deserved it or not isn't my business - I shouldn't have been in that picture," Yamantürk stated.
The centerpiece of Adalı's plan involves developing unused land in Dikilitaş that has sat idle for 40 years. Interestingly, the project will involve partnerships with Ziraat Bank and Emlak Konut, with proceeds going directly toward paying down interest-bearing debts rather than being diverted elsewhere.
"This unused land will become Beşiktaş's largest-ever agreement. I thank our President and all state officials on behalf of our community," added Adalı, highlighting government support for the initiative.
Deneteme Kurulu member Kerem Akbaş revealed a troubling statistic - the club's interest burden has skyrocketed from 10% in 2023 to 48% today. "Every passing second harms Beşiktaş," Adalı emphasized. "We must make moves to rescue the club from this situation."
Can this ambitious real estate deal truly rescue one of Turkey's most storied clubs from financial collapse? For "Beşiktaş" supporters, the clock is ticking - and loudly.
