Sport clubs' initial public offering effects on the financial structure.

-152- SUMMARY The purpose of this study is to examine the effects on the financial structure of sport club's initial public offering as an alternative finance method and giving some suggestions to applied models. For this aim the related literature had researched and tried to give related information about current situation. In scope of research some interviews had been made with general directors of companies and the fiscal tables had been experienced to financial analysis for finding solution to the problem of study. The population of the study was the sports clubs company that were initial public offering like Galatasaray Sportive Joint-Stock Company, Beşiktaş Sportive Joint-Stock Company, Fenerbahçe Sportive Joint-Stock Company and Trabzonspor Sportive Joint-Stock Company. But in April 2005, the same dates of searching, Trabzonspor Sportive Joint-Stock Company had initial public offering, however the fiscal tables can't declare so Trabzonspor Sportive Joint-Stock Company is outside of the analysis. In this study the financial tables of companies had analyzed by the basic analysis techniques like comparative tables analysis, analysis by percentage method, tendency percentage method and ratio analysis. As a result; the comparison of analyzed club companies' previous and latter financial state of the initial public offering, the three companies financial state gets better by the incomes of initial public offering. According to this it could be said the sport clubs have to be companies and have to initial public offering.