Sports index dropped 18 percent in the third quarter and shares of the four major clubs fell
While the four major clubs traded on Borsa Istanbul caused losses for their investors in the third quarter of the year, the sharpest decline across the index occurred in Galatasaray shares.
Sports companies traded on Borsa Istanbul caused losses for their investors in the third quarter of the year. While the sports index declined by 18 percent during this period, drops were also recorded in the shares of the four major clubs.
General Decline in the Third Quarter
Sports companies traded on Borsa Istanbul caused losses for their investors in the third quarter of the year, and the sports index experienced a total value loss of 18 percent during this period.
Clubs with the Heaviest Losses in Shares
Galatasaray Sportif Sınai ve Ticari Yatırımları ranked first with a 22.5 percent drop, while Fenerbahçe lost 21.3 percent, Trabzonspor 12.1 percent, and Beşiktaş 4.8 percent in value.
Factors Affecting Stock Performance
According to evaluations made by analysts, sporting results in Europe, sponsorship agreements, and standings in the league play a decisive role in the share performances of sports companies.
Course in the First Two Quarters of the Year
While the sports index lost 16 percent of its value in the first quarter of the year, it drew a volatile chart by achieving a value gain of 5.3 percent in the second quarter.
Market Values as of the End of September
According to September closing data, Fenerbahçe took the top spot with a market value of 14.6 billion liras, while Galatasaray reached 10.7 billion liras, Beşiktaş 6.9 billion liras, and Trabzonspor 6 billion liras in market value.