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.
.@Cristiano Ronaldo has shown in recent months his great professionalism and dedication, which is appreciated by everyone at Juventus. 1/1
— JuventusFC 🇬🇧🇺🇸 (@juventusfcen) October 4, 2018
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. 2/2
— JuventusFC 🇬🇧🇺🇸 (@juventusfcen) October 4, 2018
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.
I firmly deny the accusations being issued against me. Rape is an abominable crime that goes against everything that I am and believe in. Keen as I may be to clear my name, I refuse to feed the media spectacle created by people seeking to promote themselves at my expense.
— Cristiano Ronaldo (@Cristiano) October 3, 2018
The club’s Twitter handle had earlier posted a message in solidarity with Ronaldo saying:
My clear conscious will thereby allow me to await with tranquillity the results of any and all investigations.
— Cristiano Ronaldo (@Cristiano) October 3, 2018
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.
Juventus' shares have collapsed almost -10% at stock exchange at the end of friday
— Tancredi Palmeri (@tancredipalmeri) October 5, 2018
It comes after both sports companies, EA Sports and Nike, who have lucrative sponsorship deals with Ronaldo, said they were ‘monitoring the situation closely’.