Juventus shares lose 5pc amid Ronaldo accusations

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ROME: Shares in Italian champions Juventus fell by 5% yesterday after an investigation was re-opened this week into rape allegations against star player Cristiano Ronaldo. The shares were €1.25, down 5.37%, after trading opened in Milan.

Ronaldo’s move from Real Madrid to Juventus in the summer gave the Italian champions a huge boost, both on and off the field, as they continue their elusive bid for a first Champions League title since 1996.

On September 20, shares rose 180% to a record level of over €1.80. Juventus have so far stood behind Ronaldo, but the Italian club’s reaction to the issue has angered some fans.

“The events allegedly dating back to almost 10 years ago do not change this opinion, which is shared by anyone who has come into contact with this great champion.”

Juventus later posted a video on YouTube and Twitter showing Ronaldo training, with the caption: “Juventus go for goal. Cristiano Ronaldo finds the target!” The defending Serie A champions’ tweets were widely panned on social media as “shockingly dismissive and insensitive”. —Agencies

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