Besiktas in Talks With Banks for $85 Million Loan, Sabah Says

July 25 (Bloomberg) -- Besiktas Futbol Yatirimlari Sanayi & Ticaret AS, the merchandising unit of Turkish sports club Besiktas, is in talks with banks for an $85 million loan, Sabah reported, without saying where it got the information.

Part of the loan will be used to repay $50 million of outstanding debt and for overdue payments, the newspaper said.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net