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Fenerbahce's audit board member, Mehmet Vodina, on Saturday, revealed that the club's debt has reached a staggering ?18.6 billion ($510 million) as of Nov. 30, 2024.
This was announced during a High Council meeting held at the club's Faruk Ilgaz Facilities in Kalamis.
Vodina, who is a member of Fenerbahce's Audit Board, mentioned that the audit covers the period from June 1, 2024, to Nov. 30, 2024.
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Vodina provided a breakdown of the club’s financial obligations, stating that Fenerbahce’s short-term liabilities amount to ?11.1 billion, while long-term liabilities are ?7.5 billion.
The total liabilities combined thus result in the ?18.6 billion debt figure.
In terms of revenues and expenditures, Vodina also shared that the club's income for the period was ?6.47 billion, while the expenses amounted to ?6.35 billion, leaving Fenerbahce with a net profit of ?562 million.
Additionally, Fenerbahce announced that the debt resulting from its agreement with the Banks Association, which began 3.5 years ago at €309 million, has been significantly reduced.
The current outstanding amount stands at €82 million, after a €228 million reduction.
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