- Juventus’ shares were tumbling after the club’s 2-0 away loss to Atletico Madrid dented their hopes of winning this season’s Champions League.
- Cristiano Ronaldo, signed for big money in the summer, had a difficult game with investors seemingly negative on the club’s chances with Juventus stock down 9.3% as of 12.25 in London (7.25 ET).
- Juventus had big hopes for this season’s competition, but a potential knockout in the last-16 would be a major blow to the club.
It was more than Juventus’ players that came unstuck after a difficult night in Madrid translated into a major issue for the club’s share price.
Juventus’ shares were falling more than 9% after the club’s disappointing result against Atletico Madrid Wednesday night may have dashed the Italian champion’s hopes of winning Europe’s biggest club competition.
The club’s shares rose a massive 95% in the days following the signing of Portuguese superstar Cristiano Ronaldo last summer on hopes the former Real Madrid man could fire the “Bianconeri”to Champions League success. However, the club’s shares are currently trading at €1.31 ($US1.49), down from around €1.57 last September when his signing was announced.
Juventus lost 2-0 at Atletico’s Wanda Metropolitano stadium after second half goals from Jose Maria Gimenez and club captain Diego Godin.
Ronaldo’s involvement sparked real confidence that Italy’s most successful domestic club could cut it in Europe having lost five European cup finals in their history. According to reports,520,000 shirts were sold in just 24 hours after his signing – approximately $US62.4 million worth of trade.
Juventus also recently sold €150 million of bonds ($US169 million) to cash in on its new star whose value to the club may well fade unless they can turn things around in the tie’s second leg.
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