BİST 100’de Yer Alan Futbol Kulüplerinin Sportif Başarıları ve Finansal Performansları Arasındaki İlişkinin Analizi

Abstract

The football economy has grown continuously in the last 20 years, especially with the effect of globalization, and today the annual revenues of the European football market have reached approximately 29 billion dollars. In such a large economy, the return on investment is expected to be of the same magnitude. The factor that most affects the incomes of football clubs from their investments is sportive success. In this context, the financial reports of Galatasaray, Beşiktaş, Fenerbahçe and Trabzonspor clubs, which are in the Turkish Super League and whose shares are traded in the BIST 100 index, are examined and the financial performance indicators obtained from these reports are determined. The athletic achievements of these clubs in the same period are also calculated and expressed numerically. By applying panel data analysis, financial performance indicators and sportive success results for the period of 2009-2019 are analyzed. The aim of this analysis is to determine whether the sportive achievements of these clubs, which are considered to be the big four in Turkey and whose shares are traded in the BIST 100, create a financial return.

Management Problems of Sports Clubs in Turkey: The Case of Football Clubs

“…Dahası, Avrupa Futbol Federasyonu tarafından yayınlanan rapora göre Türkiye Süper Ligi finansal olarak Avrupa ligleri içerisinde son sırada yer almaktadır (UEFA, 2020). Bu nedenle, sürekli yeniden yapılanmaya (finansal, yasal, sosyal ve organizasyonel açıdan) gidilmektedir (Güngör, 2014;Öz, 2020). Geçmişte de, günümüzde de finansal ve sportif başarının veya başarısızlığın kaynağı hep yönetim olarak görülmüştür.…”