Serdal Adalı announced what he called "the biggest deal in Beşiktaş history" during the club's second ordinary board meeting of 2025 at Istanbul Congress Center. The president of the Turkish club revealed plans for a major real estate project that could help address the team's staggering 16.46 billion Turkish lira debt.
"We've secured 70-75 million euros in resources in just six months. By the end of the year, we'll need to make 40 million euros more in payments. It's not enough—we must find new revenue sources," Adalı stated during the June 14 meeting.
The ambitious plan centers around developing previously unused land in the Dikilitaş area. According to Adalı, this property has sat idle for 40 years without benefiting the club. The project involves partnership with the Youth and Sports Ministry, Ziraat Bank, and Emlak Konut.
The financial situation at "Beşiktaş" appears dire. The club is currently paying 125,000 euros in interest daily—that's 4 million monthly and 50 million annually.
"Every second that passes hurts Beşiktaş. By the time we go home today, the club's debt will have increased by another 5 million Turkish lira. The system works that quickly and cruelly," the president explained.
Interestingly, the meeting also featured an apology from Tevfik Yamantürk, the Chairman of the Divan Board, regarding an incident with former president Hasan Arat at their previous meeting in April. Yamantürk expressed regret over his involvement, saying: "I apologize to our community. What happened on April 12 shouldn't have happened."
The Dikilitaş project represents a critical financial lifeline for the Istanbul club. Adalı emphasized that all proceeds would go directly toward paying off interest-bearing debts rather than being diverted elsewhere.
Can this real estate deal truly reverse the financial fortunes of one of Turkey's most storied clubs? With interest payments accumulating by the minute, the clock is certainly ticking for "Beşiktaş" leadership.
