Fenerbahce Football Club

Fenerbahce Futbol A.S. is the company set up to carry out the commercial and service activities centered on the football branch of Fenerbahce Sports Club. It is headquartered at the Sukru Saracoglu Stadium in Kadikoy, Istanbul. Its shares trade on Borsa Istanbul under the ticker FENER, and it is one of the club companies listed on the exchange. The shares began trading in 2004.

Operations are conducted within the framework of Turkey's sports legislation and in compliance with the regulations of the TFF (Turkish Football Federation), UEFA and FIFA. In football club companies, income typically comes from broadcasting rights, sponsorship and advertising deals, matchday ticket and season-ticket sales, licensed merchandise and player transfers, while the bulk of costs is driven by player wages and transfer fees. The company's results are therefore closely tied to success on the pitch and to squad planning.

When following FENER shares, the main topics are results in the Super Lig and in European competitions, income from UEFA, the terms of the broadcasting tender, spending during transfer windows, the level of indebtedness and currency risk. Capital increases and the scope of the rights the club has transferred to the company also play a role in the assessment.