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Abu Dhabi, UAEWednesday 20 June 2018

Ronaldo bicycle-kicks stuffing out of Juventus shares

Loss in Champions League game to Real Madrid sees dropped as much as 7.9 per cent, bringing the stock of the team controlled by the Agnelli family to the lowest since August

Real Madrid's Cristiano Ronaldo (C) scores during the UEFA Champions League quarter-final match against Juventus at the Allianz Stadium in Turin. The defeat saw Juventus stock plummet. Alberto Pizzoli/AFP
Real Madrid's Cristiano Ronaldo (C) scores during the UEFA Champions League quarter-final match against Juventus at the Allianz Stadium in Turin. The defeat saw Juventus stock plummet. Alberto Pizzoli/AFP

Juventus Football Club shares fell in Milan to an eight-month low after the team was defeated 3-0 by Real Madrid in Turin in the first leg of the Champions League quarterfinal that included a spectacular bicycle-kick goal by Cristiano Ronaldo.

Juventus dropped as much as 7.9 per cent, bringing the stock of the team controlled by the Agnelli family to the lowest since August and giving it a market value of €633 million (Dh2.85 billion). Juventus, which has lost 18 per cent since the beginning of the year, was the biggest decliner on the 22-member STOXX Europe Football Index.

Juventus has a slim chance to reach the semifinals, which would guarantee an additional bonus from UEFA of at least €7.5m, according to its website. The Champions League will generate €1.27bn of revenue this season that’s shared by participant clubs.

The Agnelli family, which has owned Juventus for more than 90 years, controls Ferrari and Fiat Chrysler Automobiles. Its holding company Exor owns 64 per cent of Juventus. Andrea Agnelli, the cousin of Exor chief executive John Elkann, has been chairman of Juventus since 2010.