Step towards corporatization from Karşıyaka

Karşıyaka Sports Club announced that they have taken action for corporatization.

Karşıyaka Sports Club has taken action in light of the increasing debts recently and has taken an important step towards becoming a corporation. In a statement published on their official website, President İlker Ergüllü and board members stated, “We believe that we can overcome these difficult days firstly with collective effort and then with structural reforms. Unfortunately, the sponsorship support needed for the survival of sports clubs in these difficult economic conditions remains significantly below the necessary levels, and this situation also applies to our club. Additionally, due to the public’s awareness, the long-overdue and accumulated tax debts in sports clubs have been demanded by the Treasury, along with a monthly late fee of 4% – 4.5%, and it has been announced that club administrators will also be held individually responsible for these debts. Our club, which is already struggling to meet daily expenses and make athlete payments, has found itself in a truly difficult situation. As the presidents, managers, and supporters of Karşıyaka Sports Club, in addition to our personal contributions, we have decided to act by turning our owned companies into sponsors to pay off the tax debts and similar obligations from our period. However, one undeniable fact is that there is a clear need for sustainable and forward-looking structural reforms. We believe that the way to achieve this is through corporatization. With proper planning, we believe that the new structure resulting from bringing together one or more multi-partner joint-stock companies with our sports branches will be the right solution. Our board of directors is planning an extraordinary general assembly meeting to discuss this matter in depth and to obtain authorization for a decision. This statement is not a call for an extraordinary general assembly; our board will separately announce the date and agenda for that extraordinary general assembly.