Besiktas’ growth rate highest among European clubs

Turkish football giants Besiktas have become the fastest growing club among European clubs, one of the world’s leading audit and advisory companies KPMG Football Benchmark said on Wednesday.The KPMG Football Benchmark announced the 32 valuable clubs in Europe on its website as they released the European Elite 2018 report.Besiktas, Turkey's top-tier Spor Toto Super Lig’s winners in 2016 and 2017, boosted their value by 52 percent year-on-year as the Istanbul club's current enterprise value has reached €333 million ($390 million).According to the KPMG's European Elite 2017 report, Besiktas' previous enterprise value was €219 million ($256 million).The second fastest growing club is Olympique Lyon of France. The club’s growth rate is 35 percent and their enterprise value is €429 million ($502 million).

England's Leicester City took the third place in the category as they have a growth of 29 percent with the value of €596 million ($698 million).

European Elite 2018 report also said that Turkish Super Lig champions Galatasaray's current value is €330 million. Meanwhile, archrivals Fenerbahce's value for 2018 was recorded €319 million ($373 million).

Besiktas, Fenerbahce and Galatasaray are mentioned as 'the Big Three' in Turkish Super Lig.

Among the 32 valuable European clubs, Besiktas are in the 23rd spot in the list. Their city rivals Galatasaray and Fenerbahce are behind as Galatasaray come 25th and Fenerbahce are in 27th place in the list.

English giants Manchester United retain their lead as their current value is €3.2 billion ($3.75 billion). Spanish club Real Madrid is the second most valuable club with €2.9 billion ($3.4 billion) and Spanish La Liga champions Barcelona are in third place with €2.7 billion ($3.2 billion).

The least valuable club among top 32 valubale European clubs is Valencia. The Spanish club’s current value is €239 million ($280 million).