New signature between Galatasaray and Telekom

The sponsorship agreement between Galatasaray and Türk Telekom has been extended for another year. The Yellow Reds have renegotiated with Türk Telekom, who has received the title right of Galatasaray Stadium since 2009-2010 season and has been the main sponsor of the form. According to the new agreement with Türk Telekom, which has been the main sponsor of the club for 10 years, for the 2020-2021 season, it will put 30 million TL in the club vault.

The following statements were used in the statement made by Galatasaray,

“It has been agreed by the relevant parties that the validity period of the name contract will continue between the 2020-2021 football seasons and will end at the end of the 2020-2021 football season, for the purpose of continuing marketing, advertising and promotion between our company and Galatasaray Sports Club Association and Türk Telekomünikasyon A.Ş. In accordance with this agreement, Türk Telekomünikasyon A.Ş. will pay 30 million TL to our Company for the 2020-2021 season.

In order to protect the legitimate interests of our Company and investors, it is decided to postpone the disclosure of internal information within the scope of Article 6 of the CMB’s Communiqué II-15.1. This disclosure is made within the scope of the relevant legislative provisions upon the disappearance of the reasons for delay. ”

DATE OF THE AGREEMENT

Galatasaray reached a 10-year agreement with Türk Telekom before the 2019-2010 season, and it was reflected in the press that the Yellow Red Club earned $ 110 to $ 115 million for this period. Galatasaray did not make an official statement on the grounds that the contract was confidential.