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2026-08-05T17:08:27.000Z

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Gold hits 7-week high as dollar falls

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Glencore's Profit Increase

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Turkish clubs' star transfer financing

Turkish clubs' star transfer financing

Turkish club Trabzonspor achieved a record-breaking deal by signing Egyptian star Mohamed Salah for two years, with an annual salary estimated at €17 million (about $18.4 million). There is potential for his overall income to reach around €50 million ($54 million) through shirt sales revenue. The deal came after negotiations with club Beşiktaş, making Salah’s transfer one of the biggest in Turkish league history, which also features high-value signings such as Osimhen to Galatasaray for €75 million and N'Zonzi to Fenerbahçe for €19.5 million. Turkey’s clubs benefit from strong financial backing thanks to European competition revenues, along with the lower value of the Turkish lira, which reduces salary and expense costs. Additionally, tax incentives and expanded real estate investments enable Turkish teams to compete with European clubs.

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