Giant sponsor to Galatasaray! $80 million over 5 years from Kuwait State Fund

Giant sponsor to Galatasaray! $80 million over 5 years from Kuwait State Fund
Giant sponsor to Galatasaray! $80 million over 5 years from Kuwait State Fund
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News like medicine for Galatasaray looking for hot money… A surprise meeting was held between the Kuwait State Fund delegation and Galatasaray Management on the sponsorship of stadium naming rights. Accordingly, there is talk of an agreement with Kuwait Airways (Kuwait Airways), which is affiliated with the fund, to give the Galatasaray stadium its name and to make an agreement of 80 million dollars for 5 years, including the advertisement works around the stadium. It was learned that the negotiations have reached the final stage and the good news will be announced in a very short time.

Nef deal will continue

Meanwhile, Erden Timur, the owner of Nef, the current title sponsor of the stadium, “Let’s find a sponsor, it’s not very important for me to call the stadium Nef. Our agreement and payments will continue. Everything is for Galatasaray” It is known that he used his expressions. In other words, if the signatures are signed, Galatasaray will continue to receive both $16 million (267 million TL) from Kuwait Airlines and 72.5 million TL from Nef.

Difference to rivals

When the signatures are signed, this will mean a record throughout Turkey. With Fenerbahçe, Ülker, 90 million Dollars for 10 years (9 million Dollars), Beşiktaş, Vodafone for 10+5 years 116 million Dollars (7,7 million Dollars), Trabzonspor, Medical Park for 32 million Dollars (6.5 million Dollars per year) for 5 years. agreed in return. Galatasaray, on the other hand, was earning 4.5 million dollars a year from Nef. With the new agreement, $16 million per year will greatly widen the gap with competitors.

Sezer Yavuz
Haber7.com – Sports Editor


The article is in Turkish

Tags: Giant sponsor Galatasaray million years Kuwait State Fund

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