Strategic Planning of Sakaryaspor and its Institutional Structuring Projects - Business Plan Example

The paper “Strategic Planning of Sakaryaspor and its Institutional Structuring Projects” is a helpful example of a management business plan. In the contemporary era, the approach of conducting business has transformed rapidly along with the changes witnessed in the laws associated with the same. In the course of such transformations, bankruptcy has emerged as an issue integral to the system. Scholars and industry experts have been into the debate since the identification of these gaps that postponement of bankruptcy is directly aligned with or dependent on the improvements in the financial capacities of the business units.

It is only through the improvement in the businesses’ financial status that bankruptcy can be controlled to an extent. As denoted in section 179/1 of bankruptcy law of Turkey, “a petition for the postponement of bankruptcy can be filed as long as possible” by the companies with regard to the financial health of the corporation. Contextually, a financial status improvement has been submitted to the court, suggesting a strategic road map for Sakaryaspor Football Club, to overcome financial distress and likewise, turnaround from the verge of bankruptcy.

The decision of the court relevant to the bankruptcy issue of Sakaryaspor is quite vital for its future development on financial grounds. This also includes improving the ability of the company to pay its debts and consequently, enhance its financial strengths. Analysis suggests that it is one of the most popular football clubs among the youth, which has been the virtue of its long-term presence in the city. However, in the present day scenario, the company has been dealing with considerable financial problems, failed to regain its financial independence owing to the large sum owed by its creditors (EBRD, 2012).

Contextually, this particular essay will intend to present an evaluation of the financial status of the club, so that a better comprehension is obtained about its financial problems. Accordingly, in the subsequent section of the essay, the use of the financial resources proposed by the company to the court has been analyzed.