Galatasaray Agrees to Sell Arda Turan to Atletico Madrid for $18.6 Million

Galatasaray Sportif Sinai & Ticari Yatirimlar AS, the merchandising arm of Turkey’s top league soccer team Galatasaray, reached an agreement to transfer player Arda Turan to Spain’s Atletico Madrid for 12 million euros and 1 million euros bonus payment.

Galatasaray will also have priority in the possible transfer of Turan to a Turkish soccer club in the future, Galatasaray Sportif said in a statement to the Istanbul Stock Exchange after the market closed yesterday.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

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