Beşiktaş's share price soars

Among the sports companies traded on Borsa Istanbul, Beşiktaş Futbol Yatırımları Sanayi ve Ticaret AŞ, which finished last month with a 15.9 percent increase, became the sports company that earned the most for its investors.

The sports index gained 1.6 percent in value last month, reaching a record level of 4,930.21 points.

Steps taken to combat inflation are reducing uncertainties regarding the future, which is positively reflected in the pricing of Turkish assets. Furthermore, simplification steps are also having a positive impact on the pricing of Turkish assets. Despite a volatile trend in sports stocks last month, investor interest in sports companies continued with these developments.

Among the sports companies traded on Borsa Istanbul, Beşiktaş, which finished last month with a 15.9 percent increase, became the sports company that earned the most for its investors. Beşiktaş's share price hit a ceiling of 58.50 liras last month.

Beşiktaş, which remained far below expectations with its performance in the Super Lig, began to rise after the appointment of its legendary player Rıza Çalımbay as head coach.

Beşiktaş, which joined the title race in the Trendyol Super Lig after Fenerbahçe and Galatasaray, left its rivals behind on the stock market.

Shares of Trabzonspor Sportif Yatırım ve Futbol İşletmeciliği also gained 2.9 percent in value last month. The Black Sea team began to rise after head coach Avcı took office for his second term.

Trabzonspor had defeated Fenerbahçe 3-2 away last month, marking its first away victory against its rival in 26 years.

Galatasaray and Fenerbahçe disappointed investors

In November, Fenerbahçe Futbol AŞ lost 5.9 percent and Galatasaray Sportif Sınai ve Ticari Yatırımları lost 9.8 percent on the stock market.

Leader Galatasaray, which was defeated 2-1 away by Atakaş Hatayspor in the 12th week of the Trendyol Super Lig, lost its undefeated title.

Financial difficulties also continue to haunt Fenerbahçe. The Fenerbahçe Club announced at its high council meeting last month that its debt as of May 31 was 8 billion 276 million liras.

Sports club shares have recorded sharp increases compared to the end of last year. Beşiktaş's share price, which finished last year at 5.94 liras, rose to 51.35 liras by November, increasing more than 8-fold. Thus, Beşiktaş earned its investors 764.5 percent compared to the end of the year.

During this period, Galatasaray's shares increased by 83.5 percent, Fenerbahçe's shares by 68 percent, and Trabzonspor's shares by 15.5 percent.

Beşiktaş and Fenerbahçe's market value saw record levels last month

Among the 4 publicly traded sports companies, Beşiktaş had the highest market value. Beşiktaş finished November with a market value of 12 billion 324 million liras.

Beşiktaş was followed by Fenerbahçe with 12 billion 125 million 50 thousand liras, Galatasaray with 8 billion 521 million 200 thousand liras, and Trabzonspor with 3 billion 180 million liras.

Last month, Fenerbahçe's market value reached a historical peak of 13 billion 362 million 300 thousand liras, and Beşiktaş's market value reached 12 billion 936 million liras.

News Source: 12punto