The shares of Italian giants, Juventus have dropped amid Cristiano Ronaldo’s rape allegations after the club stood by the Portuguese star.
The Italian champions stood by their star player after allegations of rape by Kathryn Mayorga in 2009 and the signing of Ronaldo gave the club a huge boost off the field.
On September 20, shares rose 180 per cent to a record level of over 1.80 euros.
But the Italian champions woke up to the sobering news on Friday that over five per cent had been wiped off the value of their shares after the Milan stock exchange opened. At midday, on Friday they were worth 1.25 euro a share.
Juventus have so far stood behind Ronaldo, but the Italian club’s reaction to the issue has angered some fans.
The club wrote on its Twitter page: “The Portuguese striker has shown in recent months his great professionalism and dedication, which is appreciated by everyone at Juventus.
“The events allegedly dating back to almost 10 years ago does not change this opinion, which is shared by anyone who has come into contact with this great champion”.
The Italian club’s tweets were widely panned on social media as “shockingly dismissive and insensitive”.