Fenerbahce Flash Response to Ex-President Aziz Yildirim! Numbers don’t lie

Fenerbahçe Vice Chairman Erol Bilecik responded to the statements made by Aziz Yıldırım, who held a press conference later in the week. Bilecik also revealed the total debt of the yellow-navy team during Aziz Yıldırım’s presidency.

Erol Bilecik shared the following statements on his Twitter account:

“I have followed with sadness the statements made by the former president of our association, Mr. Aziz Yıldırım, in which he mentioned my name and our former esteemed manager in financial matters.

When we took office in May 2018, my financial reports were prepared in accordance with international accounting standards and were not consolidated. The independent audit was carried out only by Futbol A.Ş. carried out what is required by law. was done on its own. In summary, our members were not provided with the necessary information on financial matters, they were not reported in the required criteria and there was no independent body to verify this!

As you can see in the image below, prepared by the independent accounting firm Ernst & Young (EY); You can see in detail the consolidated financial statements of Fenerbahçe Sports Club Association for the year ended 31 May 2018 and the table of liabilities discussed in the independent auditor’s report below.

In total:

Current liabilities: 1,2023,832,512 TL

Long-term liabilities: 1,980,327,258 TL

Total liabilities: 3,184,159,770 TL

05/31/2028 euro exchange rate: 5.2064

Total liabilities: 611,585,696 euros

Dear Fenerbahce fans,

Numbers don’t lie! I shared 612 million euros with you. With the same audit discipline and despite all possible negative conditions, this level of debt was reduced to 386 million euros as of December 31, 2022.

I invite Mr. Aziz Yıldırım to look at the facts.

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