Milan: Shares in Italian club Juventus fell more than 17 per cent in early trading Wednesday after Cristiano Ronaldo’s side were knocked out of the Champions League quarterfinals by Ajax.
Juventus shares were down 17.7 per cent at 1.39 euros at 0730 GMT after plunging nearly 21 per cent when trading in Milan began.
Shares in the Turin-based club had risen sharply last year following the signing of Ronaldo from Real Madrid.
A young Ajax team stunned Juventus to reach the Champions League semifinals for the first time since 1997 as Matthijs de Ligt’s second half header secured a 2-1 second-leg victory in Italy, Tuesday.
The defeat halted Ronaldo’s bid for a sixth Champions League title.