Impact of UEFA Champions League Play-Off Results on Stock Prices
The results of the UEFA Champions League play-off round have also affected stock prices.
The yellow-red team, Galatasaray, was eliminated after losing to the Swiss representative with scores of 3-2 and 1-0.
Following yesterday’s defeat, Galatasaray shares opened the day with a significant drop. The share price of Galatasaray Sportif AŞ, which closed at 8.41 Turkish liras yesterday, fell by 9.04% to 7.65 Turkish liras as of 10:55 AM.
Analysts noted that the decline was influenced by the team’s inability to secure revenue from the Champions League, emphasizing that sporting success is financially significant.
The participation fee for the Champions League was set at 18 million 620 thousand euros, with broadcast revenue amounting to 9 million euros. For the 8 matches to be played in the Champions League, the club would earn 2.1 million euros for each win and 700 thousand euros for each draw. Therefore, Galatasaray missed out on at least 27.6 million euros in revenue.
Fenerbahçe’s Stock Movements Related to Player Transfer
On another note, Fenerbahçe announced yesterday the transfer of Ferdi Erenay Kadıoğlu to Premier League team Brighton for a transfer fee of 30 million euros.
According to the announcement on the Public Disclosure Platform (KAP), Fenerbahçe will also receive a success bonus of up to 5 million euros and 10% of any subsequent transfer fee.
Shares of Fenerbahçe traded on Borsa Istanbul gained 2.3% in value, rising to 140 Turkish liras in the new trading day.
Shares of another sports club, Beşiktaş Football Investments Industry and Trade AŞ, also increased by 3.15%, while Trabzonspor Sports Investment and Football Management’s shares decreased by 3.24%.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
