Turkish Soccer Giants Fenerbahçe Lean On Crowdfunding

    • Fenerbahçe has asked fans to chip in with crowdfunding via a text campaign.
    • The club has a history of financial instability.

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Turkish soccer giants Fenerbahçe asked fans for a helping hand to alleviate the cost of signing star midfielder Mesut Özil.

The footballer earned over $20 million with Arsenal last season while mostly sidelined. Özil is reportedly taking a significant pay cut with his new club. 

Fenerbahçe president Ali Koc solicited donations via text message to help cover Özil’s contract.

  • “We have a request for our fans,” Koc wrote, according to The Wall Street Journal. “Please continue to support us, we are also dependent on your financial support.”
  • Like most professional sports teams, Fenerbahçe’s pandemic-related revenue losses are significant. The club is currently about $630 million in debt.
  • Supporters were asked for about 3 euros, with the club eyeing “several million” donations.

Fenerbahçe has asked fans for funding over text in the past, and Özil’s signing presented a new opportunity to revisit the tactic. 

The club has a history of instability. UEFA, European soccer’s governing body, sanctioned it in 2019 for violating financial rules.