Fenerbahçe Delivered Profits in the Stock Market in the First Quarter

Fenerbahçe shares pleased investors with a 3.2% increase in the first quarter of the year. During the same period, Galatasaray shares experienced a 1.5% loss in value. Beşiktaş shares, on the other hand, saw a sharp decline. Among the sports clubs traded on the Borsa Istanbul, Fenerbahçe Football Inc. was the only sports company that ended the first quarter with a 3.2% increase in shares, bringing profits to investors. The pressure from last year on sports companies in the stock market continues this year. While the Borsa Istanbul showed erratic trends in the first quarter of the year, a downward trend dominated the shares of sports companies. The overall financial situation of sports companies and their performance on the pitch generally did not satisfy fans, which had a guiding effect on shares. As a result of these developments, the sports index calculated on the Borsa Istanbul lost 4.5% in the January-March period. Fenerbahçe Football Inc., which ended the first quarter of the year with a 3.2% increase in shares among sports clubs, was the only sports company that brought profits to its investors during this period. **SHARP DECLINE IN BEŞİKTAŞ SHARES** Fenerbahçe, the league leader, continues to claim the championship in the Super Lig. Effective transfers made by the club also contributed to the increase in the value of their shares. Meanwhile, the shares of the leading Galatasaray club resulted in a 1.5% loss for its investors. Beşiktaş, which is far from the top of the league, also experienced a 28.1% loss in shares during the same period. Trabzonspor Sport Investment and Football Management shares, on the other hand, saw a horizontal trend in the first quarter of the year. **GALATASARAY INVESTORS PROFITED IN MARCH** In March, Galatasaray was the sports company that brought the most profits to investors with a 7% increase. Galatasaray was followed by Trabzonspor with 1% and Fenerbahçe with 0.8%. Beşiktaş, on the other hand, caused a 22.5% loss for its investors last month. Fenerbahçe, the sports club with the highest market value among the 4 publicly traded sports companies, completed the month of March with a market value of 12 billion 95 million Turkish lira. Galatasaray followed with a market value of 10 billion 692 million lira, Trabzonspor with 7.5 billion lira, and Beşiktaş with 4 billion 56 million lira.