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FFP drives Besiktas decision to sell Tore

ToreWest Ham did made a loan bid with a future option to buy clause for Gokhan Tore according to Besiktas president Fikret Orman in a press conference.

“We received a loan offer with a buyout clause option which we rejected,” Orman stated

We have not transfer listed Gokhan Tore he is a very important player but if he wants to leave we will sell him for the right price,” he added.

In reality, Besiktas need to sell Tore to conform to strict UEFA Financial Fair Play rules which they have breached over a number of years. UEFA previously suspended Besiktas from all European competition for one year in 2012/2013, and fined them €200,000, due to financial problems at the Istanbul club. In 2015 UEFA, Besiktas were fined a further €5.5m euros and restricted the Turkish club’s transfer transactions for Financial Fair Play violations,.

Later in 2015 they reached a settlement with the Club Financial Control Body (CFCB) investigatory chamber. The agreement stated Beşiktaş would not be able to transfer any footballer unless they manage to sell one of their own. Beşiktaş would pay €1.5m despite being sanctioned with €5.5m. €4m could be waived if Beşiktaş obeys the agreement. It is stated that Beşiktaş can register 23 players for the 2016-17 season. In accordance with the UEFA’s rules, a club’s transfer incomes must not go down below their transfer spendings.

As part of this they agreed to report a maximum break-even deficit of €20m for the financial year ending in May 2016 and €10m for the financial year ending in May 2017.

It is this target of limiting their losses in 2016 and 2017 which is thought to be driving their refusal to loan Tore and insisting on getting as close to their full valuation as possible thought to be high £15m which is around €20m.

 

About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

One comment on “FFP drives Besiktas decision to sell Tore

  1. That’s very interesting, the player wants to join us and they need to sell so our position is very strong… I’m sure DS will get this one over the line at a good price then but we might need to be patient 😉

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