Beşiktaş Football Investments Industry and Trade Inc. achieved a historic annual performance on the stock market in 2023, with a remarkable increase of 621.6% in its shares. While other football clubs also took significant steps, Beşiktaş took the lead with an extraordinary performance. Here is a closer look at the financial successes and failures of various football clubs.
The sports index, which broke records last year with a 92% increase, reached its peak at 4,930.21 points. Beşiktaş’s shares, which showed a significant value increase of 621.6% in 2023, rose from 5.94 Turkish Liras in 2022 to 42.86 TL at the end of 2023, showing a sevenfold increase. The share price also reached its highest level during the year, peaking at 58.50 Turkish Liras. Particularly, Beşiktaş’s stable performance under the leadership of Şenol Güneş and the appointment of Rıza Çalımbay as head coach for the 2023-2024 season contributed to this remarkable market performance.
Fenerbahçe Football Inc. and Trendyol Super League, which is in the leading position, also pleased investors. During this period, Galatasaray Sports Industry and Trade Investments gained 46.5% and Fenerbahçe gained 25.5% in profits. However, Trabzonspor Sports Investment and Football Management recorded a loss of 7.8% for investors in the previous year. Analysts emphasized that Trabzonspor’s shares have been experiencing value loss for the past two years, with a 21% loss in 2022.
While football shares experienced fluctuations, the general trend showed the market’s sensitivity to team performances, transfers, and management changes. Beşiktaş’s excellent market performance demonstrates the increasing influence of football clubs in the financial arena. As the new year approaches, investors and enthusiasts are closely observing the dynamic nature of sports shares, anticipating further developments in this ever-evolving market.