Cristiano Ronaldo's rumoured $200 million move to Italy's biggest soccer club sends shares surging

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  • A news story in O Jogo, a newspaper in Cristiano Ronaldo’s native Portugal, said on Wednesday that Juventus had bid about €100 million ($US117 million) for the forward.
  • News of the possible move has sent shares of the Italian football club up.

Shares in Italy’s most successful, best-known soccer team,Juventus, have jumped after rumours emerged that the Real Madrid star Cristiano Ronaldo could make a summer move to Italy.

An article in O Jogo, a newspaper in Ronaldo’s native Portugal, said on Wednesday that Juventus had bid about €100 million ($US117 million) for the forward and that his Spanish club was considering the offer.

Ronaldo is thought to have a release clause of between €120 million and €130 million ($AU189 million and $AU205 million) in his Real contract, which if met would mean Juventus could immediately begin discussions with Ronaldo – if he is looking to join the Turin-based side.

Ronaldo is Real Madrid’s top all-time goal scorer, with 451 goals since moving there in 2009. He has won five Ballons d’Or – the most prestigious individual trophy in world soccer – and is arguably the greatest player in the history of the sport.

News of a possible move for Ronaldo has buoyed investors in Juventus. Along with any on-field success, his signing would most likely give the club’s revenue a significant boost through merchandise sales and other commercial opportunities.

Shares popped more than 8% at the open on Thursday, as the news broke after markets closed Wednesday. As of 12:10 p.m. BST (1:10 p.m. CET; 7:10 a.m. ET), the club’s stock – which trades on Milan’s Borsa Italiana – was up 6.3% at €0.83 ($US0.97).

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