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Juventus share price falls 18 per cent following Ronaldo rape claim

Juventus’s share price dropped 5.38 per cent at the Milan Stock Exchange on Friday, as the club continued to suffer from the fallout of rape allegations made against star player Cristiano Ronaldo.

The club’s share price is down 18.4 per cent overall in the last seven days since the rape claim surfaced.

Juventus’s stock market valuation hit an all-time peak on Sept 19, of €1.67 per share, following Ronaldo’s arrival from Real Madrid.

On Sept 28, the day before Der Spiegel first published accusations of rape by Kathryn Mayorga, shares stood at €1.52. They have since declined to €1.24 each.

On Thursday Ronaldo’s personal sponsors Nike and EA Sports both stated their “concern” over the incident.  Ronaldo denies any wrongdoing.