Big Four of the Turkish Football

Turkish football clubs among Europe’s most indebted, according to UEFA

The so-called “Big 4” clubs of Turkish football Beşiktaş, Trabzonspor, Galatasaray and Fenerbahçe – are among the top 10 most indebted and financially unhealthy clubs in Europe, according to a UEFA report, which concludes that the Turkish league has the highest number of teams with net equity losses among UEFA’s 55 member leagues: in total, the 18 teams in the Turkish Super Lig have accumulated €814 million in losses.

According to data provided by the UEFA Club Finance and Investment Report, in 2023 Beşiktaş ranked 4th in the ranking of European clubs with the biggest net equity losses, with a deficit of €151 million; Trabzonspor ranked 5th with a deficit of 110 million euros, followed in 6th and 7th place by Galatasaray (109 million) and Fenerbahçe (82 million), just ahead of Real Betis of Spain – who ranked 8th with 72 million deficit – and Maccabi Haifa of Israel with 63 million. The list is topped by Italy’s Roma, which accumulates a deficit of 436 million.

When looking at last year’s reported losses, two Turkish clubs also appear in UEFA’s top 10: Trabzonspor in 8th place with a non-tax loss of €53 million, followed by Galatasaray in 9th position with €48 million, in a ranking topped by English Premier League team Aston Villa, which reported a non-tax loss of €138 million in 2023.

Trabzonspor is also one of the Turkish football clubs featured in UEFA’s report analysing the teams in Europe that recorded the biggest operating losses last year, ranking 5th with a total of €35 million; in this case, the ranking is headed by a Spanish team, FC Barcelona, which accumulated an operating loss of €179 million in 2023.