Sports index declines in the third quarter with Galatasaray posting the biggest losses
Sports companies traded on Borsa İstanbul declined in the third quarter of the year, while Fenerbahçe took the lead in market value.
In the third quarter of the year, the sports index lost 18 percent in value, with Galatasaray Sportif Sınai ve Ticari Yatırımları being the football club that caused the most losses for its investors.
Third Quarter Performances
In the third quarter of the year, the sports index generally lost 18 percent in value, negatively affecting its investors. The performances of the companies traded on Borsa İstanbul showed a downward trend during this period.
Clubs' Loss Rates
The team that caused the highest loss to its investors was recorded as Galatasaray Sportif Sınai ve Ticari Yatırımları with a 22.5 percent drop.
Galatasaray was followed by Fenerbahçe Futbol AŞ with a 21.3 percent decline.
Trabzonspor Sportif Yatırım ve Futbol İşletmeciliği lost 12.1 percent in value, while Beşiktaş Futbol Yatırımları Sanayi ve Ticaret AŞ experienced a 4.8 percent drop.
Factors Affecting Stock Performance
Analysts stated that sporting results in Europe, sponsorship agreements, and the results of matches in the Süper Lig were decisive on the stock performances of sports companies.
Changes Throughout the Year
Throughout the year, sports companies were seen to have lost 16 percent in value in the first quarter, whereas they gained 5.3 percent in value in the second quarter.
September Market Values
According to the September closing data, among the 4 publicly traded sports companies, Fenerbahçe reached the highest market value with 14.6 billion liras.
Fenerbahçe was followed by Galatasaray with a market value of 10.7 billion liras.
Beşiktaş had a market value of 6.9 billion liras, while Trabzonspor took place on the list with a market value of 6 billion liras.