Turkish football clubs will start receiving funds from broadcast rights of Turkey’s football leagues as soon as once more, Youth and Sports Minister Muharrem Kasapoğlu stated Friday, after the funds had been frozen by the license holder Digiturk following the break within the season due to the Corona Virus outbreak.
As matches within the top-tier Süper Lig restarted final week, with the second-tier TFF 1. Lig returning this weekend, Kasapoğlu stated the broadcaster will resume funds with a TL 103 million ($15 million) installment on Friday.
“Following our dialogues with the broadcaster, our clubs will start receiving funds immediately (Friday). They may even obtain one other cost subsequent week,” the minister stated.
Owned by Qatar’s beIN media, Digiturk introduced in April it had frozen funds in any case matches in Turkey had been postponed on March 19 due to the COVID-19 pandemic.
The firm retained broadcasting rights for Turkish football leagues for a five-year interval in a young in 2016, making the best bid at $500 million – not together with tax. The firm broadcasts Süper Lig matches in 107 international locations below the model identify beIN Sports.
The sudden lack of income put many of the clubs below extreme monetary stress, as expenditures continued to pile up whereas revenue was diminished to virtually nothing with all matches stopped.
While the minister stated the funds would resume, he nonetheless warned the clubs about their monetary instabilities.
“Sports clubs, particularly football clubs, want to restructure themselves by way of monetary administration. While issues received dangerous throughout the course of the pandemic, the monetary issues had been there; the disaster solely amplified what was underlying,” Kasapoğlu stated.