Debt Restructuring of the Big Four Clubs; Money Dependent Systems in the Globalizing Football Industry
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Abstract
It is observed that the debts of the big four clubs of the Turkish Super League have reached enormous sizes and this situation is not sustainable in the globalizing football industry market. The main purpose of this study, which uses the document analysis method, is to analyze the economic sustainability of the debt restructuring of the big four clubs. In the study, the literature related to the football industry was examined, and the economic data of the big four clubs and their league organizations from past to present were subject to document analysis and inferences for the purpose of the study were presented as a result of the information obtained. In conclusion, it can be stated that the debt situations of the big four clubs cannot be solved with the debt restructuring system, and the Turkish sports system lies at the root of the current economic problems.