Juventus Shares Drop Amid Ronaldo Accusations

Cristiano Ronaldo. Source: Twitter

Shares in Italian champions Juventus fell by five percent on Friday after an investigation was re-opened this week into rape allegations against star player Cristiano Ronaldo.

The shares were 1.25 euros, down 5.37 percent, 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.

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