Sports Companies on Borsa Istanbul Lost Value in the Third Quarter of the Year
While sports companies traded on Borsa Istanbul declined in the third quarter of the year, Fenerbahçe became the club with the highest market value.
Sports companies traded on Borsa Istanbul caused losses for their investors in the third quarter of the year. While the sports index fell by 18 percent, the club that lost the most value during this period was Galatasaray.
Third Quarter Performances
Sports companies traded on Borsa Istanbul exhibited a performance that caused losses for investors in the third quarter of the year, and the sports index recorded a decline of 18 percent.
Teams That Lost the Most Value
The club that lost the most value in the third quarter of the year was Galatasaray Sportif Sınai ve Ticari Yatırımları with 22.5 percent. Galatasaray was followed by Fenerbahçe Futbol AŞ with 21.3 percent.
Status of Trabzonspor and Beşiktaş
Following Galatasaray and Fenerbahçe, Trabzonspor shares lost value by 12.1 percent, while the decline in Beşiktaş shares stood at 4.8 percent.
Market Value Rankings
As of the end of September, Fenerbahçe had the highest market value among the 4 publicly traded sports companies, finishing the period with a market value of 14.6 billion liras.
The Picture in the First Two Quarters of the Year
It was observed that sports companies lost 16 percent of their value in the first quarter, while the sports index gained 5.3 percent in value in the second quarter.
Share Prices and Values
According to the June and September closing prices, Beşiktaş reached a market value of 6.9 billion liras, Galatasaray 10.7 billion liras, and Trabzonspor 6 billion liras.