Serdal Adalı has announced what he calls "the biggest deal in Beşiktaş history" during the club's Board of Directors meeting on June 14, 2025. The president revealed plans for a major real estate project to address the club's staggering 16.46 billion Turkish lira debt.
"We've secured 70-75 million euros in resources in just six months. By year's end, we need another 40 million euros in payments. It's not enough – we must find new revenue streams," Adalı explained during the meeting held at Istanbul Congress Center.
The Turkish club is currently drowning in financial obligations, paying a shocking 125,000 euros in interest daily – that's 4 million monthly and 50 million annually. Short sentences hit harder. The debt keeps growing.
Tevfik Yamantürk, the Board Chairman, opened the meeting with an apology to the club's supporters regarding an incident with former president Hasan Arat at a previous meeting. "I apologize to our community. What happened on April 12 shouldn't have occurred," he stated.
The centerpiece of Adalı's financial rescue plan involves an unused piece of land in Dikilitaş that has sat idle for 40 years. The project will be developed in partnership with Ziraat Bank and Emlak Konut.
"This unused land will become Beşiktaş's greatest deal ever. The money will go directly to paying interest-bearing debts, not diverted elsewhere. We're working on this project with government support," Adalı emphasized.
Interestingly, the financial situation has deteriorated rapidly – in just two years, the interest burden has jumped from 10% to 48% according to board member Kerem Akbaş.
"Every passing second harms 'Beşiktaş.' The system works that quickly and cruelly," Adalı noted. "By the time we get home today, the club's debt will have increased by another 5 million Turkish lira."
Can this real estate gambit save one of Turkey's most storied clubs from financial collapse? The stakes couldn't be higher for Adalı and the Black Eagles.
