GKC Partners in association with White & Case has advised a consortium of lenders, including Ziraat Bankasi, DenizBank, HalkBank, and Yapi Kredi Bankasi, on their USD 1.1 billion financing of the restructuring of Turkey's Besiktas, Fenerbahce, Galatasaray, and Trabzonspor football clubs. Akol Law advised Galatasaray and Pekin & Pekin reportedly advised Fenerbahce.
According to GKC Partners, “this is a landmark transaction in the Turkish market with the targeted debt profile achieved for the football clubs with a tenure of nine years allowing these four major football clubs breathing space for their sustainable growth and development in line with the UEFA Financial Fair Play principles and leveling the playing field for the years to come.”
The GKC Partners team included Managing Partner Guniz Gokce, Partner Ates Turnaoglu, Senior Lawyer Ozlem Barut, Associates Baran Abur, Can Argon, Ahmet Ekin Cinar, Ebubekir Bal, and Ata Deniz, and Legal Interns Atakan Arslan and Sertac Yuksel.
Akol Law’s team consisted of Partners Gunes Yalcin and Omer Gokhan Ozmen and Senior Associate Damla Keskin Serbetcioglu.