Analysis of Financial Performance of Public Sports Clubs in Türkiye via CRITIC-Based SAW Method

Abstract

Sports activities have been performed as a spectacle since ancient times. With the start of the Olympics, sports competitions were organized for the entertainment of the masses in Ancient Greece and later in the Roman Empire. Since the end of the nineteenth century, clubs have been established in many sports branches, especially football, and they have had large fan bases. The establishment of different clubs by different socioeconomic, political and religious strata has also caused these clubs to be positioned in a different place than the purpose of sports. The financial aid of their supporters to these structures, which have the status of association, has enabled the formation of a local and global economy. Sports economy, which was previously non-profit, has turned into for-profit service companies in recent years, especially with the purchase of sports clubs by business people, and they have become public by incorporation. Although many sports clubs are joint stock companies in Türkiye, four of them are traded on Borsa İstanbul. In the study, the financial performance of sports clubs has been examined based on the data of these publicly traded companies. Within the scope of the study, the criteria used in the study have been weighted with the CRITIC method, and the performances of the alternatives have been evaluated with the SAW method. As a result, it has been determined that there is a relationship between working financial performance and sportive success.