Fenerbahce in trouble: Ulker withdraws €19 million sponsorship deal
The Turkish team will play without Ulker on the jerseys
Fenerbahce Ulker has fallen in a huge trouble, because main sponsor Ulker decided to leave the Turkish team.
Ulker guaranteed the biggest slice of the budget, putting in Fenerbahce from 16 to 19 million of Euros per season. President of the team Aziz Yildirim announced on press the team will play without Ulker from next season:
Aziz Yıldırım:"Next season there will be only Fenerbahce. Our name sponsorship with Ulker finished."
— Fersu Yahyabeyoğlu (@fersudeniz) 30 Maggio 2015
There's a big problem of budget now, because Fenerbahce needs to have at least 25 millions ofor next season and the team can only reach 10 millions using the money of the property and the cash flow with tickets and merchandising.
Aziz Yıldırım:"This season our budget was €29m and we need to have at least €25m for the next season. Of course this will be hard."
— Fersu Yahyabeyoğlu (@fersudeniz) 30 Maggio 2015
It's impossible not to think this situation will have repercussions on team's roster.