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Turkish business magnate and former Fenerbahce president Ali Koc has officially waived his right to collect approximately ₺3.51 billion ($83.45 million) in personal receivables from the football club, according to statements made during the club’s extraordinary general assembly held at Ulker Sports and Event Hall in Istanbul on Saturday.
The meeting was convened to address agenda items concerning the ownership and usage rights of Fenerbahce’s real estate assets, including financial restructuring proposals that congress members had previously rejected during the elections held in September.
Vice President Murat Salar, who presented a detailed breakdown of the club’s financial obligations, said that ₺4.13 billion ($98.47 million) listed under the "other liabilities" category largely consists of items related to agreements with former president Ali Koc and businessman Murat Ulker.
Salar explained that ₺3.51 billion of this amount represents a personal loan from Koc, who reaffirmed his intention not to claim the funds despite the debt being formally recorded by the club’s independent auditors.
The remaining portion, he said, primarily concerns the club’s partnership with Ulker under existing agreements, noting that Ulker does not expect payment either.
"Official accounting procedures require these amounts to remain listed as liabilities until formal declarations are filed," Salar added, stating that both parties intend to finalize the necessary documentation to confirm they hold no financial claims against the club.
According to the financial report presented during the assembly, Fenerbahce's total liabilities stood at ₺28.7 billion ($684.34 million).
Salar clarified that it would be inaccurate to describe this figure as the club’s total "debt," explaining that it represents overall liabilities, including both cash obligations and commitments that will be settled over time through services rather than direct payments.
He added that as of Sept. 21, 2025, the club’s commercial debt amounted to ₺10.7 billion ($255.13 million), which includes future transfer fees and guaranteed payments for players—a portion that, he said, constitutes the club’s actual debt obligations. Meanwhile, Fenerbahce’s real estate holdings were valued at approximately ₺9.9 billion ($236.06 million).
The extraordinary general assembly, attended by Fenerbahce President Sadettin Saran, board members, and club delegates, concluded with the approval of all submitted agenda items by a majority vote.
The approved motions aim to enhance the club’s financial flexibility and governance framework.
Ali Koc, a member of Türkiye’s Koc family—which controls the country’s largest conglomerate with total assets of ₺4.65 trillion ($195.01 billion)—is part of what is widely regarded as Türkiye’s richest family, with three of its members ranked among the top 10 on Forbes’ Billionaires List and holding a combined fortune of $7.8 billion.
Koc served as Fenerbahce’s president from June 2018 to September 2025; however, he failed to secure re-election against Turkish-American businessman Sadettin Saran, following growing discontent among congress members over the football team’s continued 11-year league title drought.
Koc currently serves as the vice chairman of Koc Holding and as the chairman of the board at its subsidiaries Ford Otosan, Türkiye’s largest automotive manufacturer and a joint venture with Ford Motor Company; Yapi Kredi Bank, one of the country’s leading private lenders; Koctas, a major home-improvement retail chain; Otokar, a commercial-vehicle and defense-industry producer; and Setur, a prominent travel and duty-free services company.
Koc also ranks 43rd on Forbes Türkiye's 2025 list of the richest people in Türkiye, with a personal wealth of $900 million.
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