Beşiktaş and Vodafone sign Turkey’s biggest ever sponsorship

Besiktas stadium

By Mark Baber
August 21 – Beşiktaş has signed a $145 million deal with Vodafone, the club revealed in a statement on the Turkish Stock Exchange. The deal, including shirt sponsorship and sponsorship of the new Beşiktaş stadium which will be named the ‘Vodafone Arena’, is a timely one for the Istanbul club who have debt of about €100 million.

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Valencia audit find debt has been cut and ‘positive’ signs

Valencia fans

By Jake Gable
August 20 – Valencia have revealed that the club’s debt now stands at €275.7 million (£235.1 million) after a due diligence report by consultancy firm KPMG. Club president Amadeo Salvo explained that the Spanish club’s debt has reduced by €66 million (£56.3 million) since 2008 and described the economic management as “positive”, however there are still general concerns for the state of financial health for many La Liga clubs, especially under new FFP (Financial Fair Play) rules and regulations set out by governing body UEFA.

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