Sports, sports-diary

Istanbul-based football club Besiktas’ assets seized

The sequestration office in Istanbul has confiscated Besiktas’ assets because of their $8.8 million debt to an advertising agency, Aktif Tanitim

15.04.2015
Istanbul-based football club Besiktas’ assets seized

ISTANBUL

 The sequestration office in Istanbul confiscated Wednesday the assets of Turkish football heavyweight club Besiktas because of their $8.8 million debt to an advertising agency, Aktif Tanitim.

Lawyers representing the advertising firm said that Besiktas' debt came from previous terms when Yildirim Demiroren was in charge as the club president.

Besiktas, on the other hand, claimed that the club had fulfilled its payment obligations and the advertising firm in question was in the wrong.

The club is expected to contest the decision in the appeals court.

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