THY Europa League – ‘Loss’ report on TRT Spor

The report, prepared by Cem Karamürsel, who works with the European League’s head coaching board, highlighted the economic problems experienced by the clubs, as well as administrative difficulties.

The report, published by Eurohoops, summarizes the financial and management problems that the Europa League will face in the future, highlighting the importance of co-operation with all major stakeholders, particularly the International Basketball Federation (FIBA).

“All Eurolig clubs are losing money”

Some important issues are listed in the report as follows:

“All your Europa League clubs are losing money. With the exception of Alba Berlin, there is no team whose statistics are clear. Although the league’s management style is complex, its economic model is not sustainable for clubs. Rules such as financial fair play can still be curtailed to suit team owners who want to keep money. Under these conditions, a normal business goes bankrupt relatively quickly. According to IMG (Media and Sports Company, a partner company of the Europa League), the established partnership is profitable for IMG, although the joint venture costs a total of 7 million euros. At the same time, the champion’s total payouts from the Europa League, the players and the technicians, he has repeatedly complained that he can’t even carry the bonus earned by the kick. “

Financial analysis about Fenerbahçe Beko

For Fenerbahçe, a club whose detailed financial information was included in the report, the expression “Fenerbahce Beko is one of the most successful teams in the last ten years of the Europa League”, was evaluated as follows:

“The club presents an annual report every year. In the 2018 report, detailed information was available for all sports disciplines. In subsequent years, only aggregate statistics were published. Therefore, we cannot analyze multi-year trends for the basketball department. Despite these limitations , 2018 was one of the club’s most successful years. The club that won the Europa League in 2017 and played in the final in 2018 should have had the highest profit potential. In 2018, the club’s direct revenue from basketball operations was 45.3 million TL (EUR 7.9 million) The total allocation of sponsorship revenue and total revenue including tax subsidy is 18.9 million. Direct expenditure 158.8 million lira (EUR 27.8 million) with club at least 9 8.9 million The Euro-TL exchange rate has declined significantly since 2018 and increased from 5.71 to 17.69 in June 2022. (210 percent), especially salaries in euros or dollars. It should not be forgotten that this puts a significant burden on the budgets of Turkish clubs.

The report also states that shareholder clubs should be the number one priority in the Europa League system, overcoming administrative difficulties. “Especially when the departure of Europa League chief executive (CEO) Jordi Bartomeu is in question. It is one of the first steps in drawing a curtain on the past, both financially and administratively, especially to reach an agreement. With FIBA, and to restore trust and discipline Transparency, accountability and honesty “Whatever the case may be, they should be the most important principle. There is an urgent need to change the structure of the budget and the decision-making process. “ Comments have been made.

Finally, the report “If European basketball executives and decision makers fail to put aside their arrogance and work together, the current crisis will escalate and European basketball will lose interest.” It was said

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