Sports Companies Traded on Borsa İstanbul Declined in the Third Quarter
The four major sports clubs traded on Borsa İstanbul caused losses for investors in the third quarter of the year, with the sports index dropping by 18 percent.
Sports companies traded on Borsa İstanbul caused losses for their investors in the third quarter of the year, while the sports index overall recorded an 18 percent decline.
Third Quarter Losses
In the third quarter of the year, Galatasaray Sportif Sınai ve Ticari Yatırımları was the team that caused the highest loss for investors with a 22.5 percent drop.
Performance Ranking of the Teams
Galatasaray was followed by Fenerbahçe Futbol AŞ with a 21.3 percent decline, Trabzonspor with 12.1 percent, and Beşiktaş Futbol Yatırımları with 4.8 percent.
Analysts' Assessments
Analysts emphasized that sports companies' performances in Europe, sponsorship agreements, and results in the Süper Lig are decisive in their stock movements.
The Picture in the First Quarter of the Year
The sports index lost 16 percent in value in the first quarter of the year; during this period, Fenerbahçe's stock experienced a 24.3 percent decline.
Recovery in the Second Quarter
The sports index gained 5.3 percent in value during the second quarter of the year, and Beşiktaş shares increased by 14.5 percent in this period.
Highest Market Value
Fenerbahçe, which has the highest market value among the four publicly traded sports companies, completed September with a market value of 14.6 billion liras.