June 6 – Fenerbahce stock has soared after the Turkish League side appointed former Real Madrid, Chelsea and Manchester United coach Jose Mourinho.
Data from live score website Theyscored.com showed that online interest in Fenerbahce stock surged to eight times the average volume over the past two weeks.
Since May 13, when the club president first mentioned Mourinho on national TV, Fenerbahce’s market cap has soared by an impressive £135 million.
That number can be expected to increase now that pen has officially been put to paper.
An analysis of Google trends also revealed that online searches for Fenerbahce stock have increased 800% in Turkey in the last two weeks and searches for ‘How to buy Fenerbahce shares’ are at a breakout high thanks to Mourinho’s appointment earlier this week.
Regardless of Mourinho’s performance at the club in the months to come, his impact to the club as a whole is already a monumental success.
The 61-year-old was greeted by thousands of fans upon his unveiling earlier this week.
“To see fans not only shower a new coach with so much affection and support but to also see them search online at record numbers and purchase shares in the club at such pace causing the club’s market cap to rise by over 50% in a few weeks is pretty much unprecedented,” said Theyscored.com
Mourinho left AS Roma halfway through last season, marking an end to a three-year stint in charge which saw the club pick up the Europa Conference League title. Fenerbahce have not won the SuperLig title in 10 years but have come a very close second in the past three seasons.
A big club with an emotional fanbase, Fenerbahce has been at loggerheads with the Turkish federation, SuperLig, rival clubs and even the league’s domestic broadcaster over a number of seasons, at one point even threatening to pull out the league. The arrival of the Special One, himself not afraid to wear his emotions high on his sleeve, looks like a match made in heaven.
Contact the writer of this story, Harry Ewing, at moc.l1734933179labto1734933179ofdlr1734933179owedi1734933179sni@g1734933179niwe.1734933179yrrah1734933179