While the Turkish National Team crushed millions of hearts by exiting the World Cup after just two matches, football also disappointed investors on Borsa Istanbul. The four major clubs traded on the stock exchange have frustrated investors with consecutive capital increases, while also signing a historic failure in share performance.
The only loss occurred in sports. In the last year, when the BIST 100 Index rose 61.88% on Borsa Istanbul, the only sectoral index to lose value was the sports index, with a 17.87% decline. The indices that rose the most in the last year were Financial Leasing at 295%, public offerings at 216%, and the technology index at 148%. While the main index rose 30.8% this year, the sports index lost 6.6% in value. In the last six months, when the index rose 29.9%, the sports index fell 12.4%. Over the last five years, while the BIST 100 Index rose 959%, the increase in the sports index remained at 67.7%.
All caused losses. The two stocks that gained the most value in the BIST 100 Index over the last 12 months were Katılım Evim with 2,542% and Destek Finans with 925.6%. Those who invested in sports stocks in the last year, when the index gained nearly 62%, lost money.
In the last year, Trabzonspor caused a 36.11% loss, Fenerbahçe 13.05%, Galatasaray 11.74%, and Beşiktaş 3.93%. While Katılımevim became the stock that rose the most on the BIST 100 this year with 745%, losses were again seen in sports stocks. This year, when Trabzonspor lost 14%, Galatasaray 9.4%, and Fenerbahçe 3.8% in value, Beşiktaş shares gained 4.9%.
In the last six months, Trabzonspor lost 20.6%, Galatasaray 15.3%, Fenerbahçe 8.2%, and Beşiktaş 1% in value.
They performed poorly over five years. In the last five-year period, when the main index on the stock exchange rose nearly 960%, the increase in sports stocks was limited. While Trabzonspor shares fell 43.8% over the last five years, Beşiktaş gained 47.5%, Galatasaray 98.6%, and Fenerbahçe 157.7%.
The five-year increase of the sports index remained far behind the main index at 67.7%. According to nine-month balance sheets, the only club to make a profit was Galatasaray. Cimbom's profit decreased by 16.5% to 734.2 million TL. During this period, Beşiktaş's loss decreased by 59% to 146.1 million lira, Trabzonspor's loss decreased by 60.4% to 684.2 million, while Fenerbahçe broke a loss record with 1 billion 191 million TL.
Investors lost 3.3 billion TL. The total market value of the four major clubs on the stock exchange stands at 49.1 billion TL. Fenerbahçe ranks first with 20 billion 562 million TL, while Galatasaray sits in second place with 14 billion 175 million TL. Beşiktaş's market value is 7 billion 463 million TL, and Trabzonspor's market value is around 6.9 billion TL. In the last year, while the market value of sports clubs experienced an 8.7 billion TL loss, investors' loss in this period was 3.3 billion TL.
