Turkish basketball has undergone a dramatic transformation under Demirel's leadership. In 1992 the Turkish Basketball Federation consisted of a three-person staff with a $600,000 annual budget. In 2012, the Turkish Basketball Federation had an annual budget of $70–75 million. Basketball is the country's second-most popular sport, and Turkey has become a force in both international men's and women's basketball. The Turkish men's national team won silver at the men's EuroBasket 2001 and finished sixth in the 2006 World Championship. It won silver at the 2010 World Championship, losing in the finals to the United States in the largest sporting event ever hosted on Turkish soil. FIBA Secretary General Patrick Baumann described it as “the most successful FIBA World Championship ever.” Demirel has been the recipient of many honours over the course of his career in recognition of his service to Turkish basketball. Following Turkey's success in the World Championship, Demirel was named Sportsman of the Year by the Sedat Simavi Journalists’ Association, Okan University, and Milliyet Newspaper, among others. Women's basketball in Turkey, which did not have a national team from 1968–1988, has also seen impressive growth and development under Demirel's watch. In 2005 the Turkish women's national team made its first appearance in the EuroBasket finals, hosted in Turkey, and have qualified for every EuroBasket since. In 2011 it won the silver medal at EuroBasket. The team made its Olympic debut in the 2012 London games and finished fifth. In 2013 it won the bronze medal at EuroBasket. Turkey has also achieved impressive success at the youth level. Most recently in 2013, the U18 men's team won the European Championship and the U20 women's team won bronze at the European Championship. In 2012 Turkey's U16 men's team won the European Championship, and the U20 women's team won bronze at the European Championship.