In modern football , the sacking of a manager often marks a turning point amid a run of poor results or internal conflict.

That often entails heavy economic damage, or investor discontent.

A Bola - Jose Mourinho.jpg
Fenerbahce's share price surged after Mourinho was fired. Photo: A Bola

But in the case of Fenerbahce , the decision to part ways with Jose Mourinho caused an unprecedented boost to the stock market.

Specifically, right after announcing Mourinho's departure, Fenerbahce's shares increased by 7% in Friday's trading session.

This impact helped the Turkish team's market capitalization increase by more than $26 million. Thanks to that, the club's total value exceeded the $400 million mark.

The Portuguese tactician's departure comes after Fenerbahce were eliminated from the Champions League play-offs, with a 1-0 loss away to Benfica.

Mourinho is famous with the nickname "The Special One" thanks to his successful periods with Porto, Chelsea, Inter Milan and Real Madrid.

The 62-year-old coach will join Fenerbahce from the start of the 2024-2025 season. This contract is part of the trend of Turkish football clubs increasing spending to attract famous players and coaches.

However, Mourinho could not help Fenerbahce conquer the Super Lig – the Turkish national championship – in his first season working in Istanbul.

Fenerbahce only finished in 2nd place. Not only that, Mourinho was involved in many controversies, including the act of "pinching the nose" of the coach of Galatasaray - the champion of the tournament.

Right from the beginning of this season, during the Champions League qualifying matches, Mourinho publicly expressed his dissatisfaction with the board of directors, saying that the club did not make enough transfer deals to increase the competitiveness of the squad.

Mourinho's complaints have fed up Fenerbahce fans, so his dismissal has had a positive impact on the club's finances.

Source: https://vietnamnet.vn/fenerbahce-trung-dam-gia-co-phieu-khi-sa-thai-mourinho-2438045.html