Cristiano Ronaldo signs for Juventus

Juventus Shares Crashes In Stock Market For Defending Ronaldo On the Alleges Rape Accusation

Italian champion & Seria A league leader Juventus FC, pays the price for  defending their star-player Cristiano Ronaldo who was accused of rape allegation, as their shares crashes in stock market.

About few days ago, a 34-year old, American woman from Neveda, Kathryn Mayorga, accused the 5-times FIFA World Best winner Cristiano Ronaldo, of raping her in the penthouse suite of a Las Vegas hotel in 2009.

However, Ronaldo has come out to denies the rape allegation on him by Mayorga, has his lawyers are saying they will sue German magazine, Der Spiegel who first published the story.

Cristiano Ronaldo signs for Juventus 00
Juventus Shares Crashes In Stock Market For Defending Ronaldo On the Alleges Rape Accusation

 

The club’s Twitter handle had earlier posted a message in solidarity with Ronaldo saying:

The Italian champion signed the Portugal captain from Real Madrid for 112m euro (£99m; $130) in July – a move which helped the club’s share price soar 180% to a peak of more than 1.80 euro a share in September.

But at the close of markets on Friday, they had dropped to 1.19 euro which translates to 9.92% drop.

It comes after both sports companies, EA Sports and Nike, who have lucrative sponsorship deals with Ronaldo, said they were ‘monitoring the situation closely’.

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