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Fenerbahce stock exchange value drops as CAS confirms Euro-ban

After Court of Arbitration for Sport (CAS) approved on Wednesday a 2-year ban for Turkish football club Fenerbahce from European competitions, shares of Fenerbahce in Borsa Istanbul dropped 5.88 percent . Market value of Fenerbahce dropped to 630 billion Turkish Lira. It was 670 million TL during the closing of first session. Earlier on Wednesday, Court of Arbitration for Sport (CAS) approved 2-year ban for Turkish football club Fenerbahce from European competitions.

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