Sportive and Financial Performance Analysis of Football Clubs by Using MULTIMOOSRAL Method: An Application on Football Clubs Traded in Borsa Istanbul

Abstract

Since football has become an industry and opened to capital markets, the financial performance of football clubs has become as crucial as their sportive performance. This study aims to analyze the financial and sportive performances of football clubs traded in the capital markets in Turkey, rate their success, and investigate the relationship between performances. In the study, the sportive and financial performances of Beşiktaş, Fenerbahçe, Galatasaray, and Trabzonspor clubs were investigated with the MULTIMOOSRAL method, using the data for the period 2017-2018/2021-2022. Weights were taken equally for 5 sportive criteria and 8 financial criteria used in the study. A correlation test was applied to the rankings calculated separately for each season, and the relationship between sportive and financial performance was examined. No significant relationship was found between sportive and financial performances.