Wed | Aug 5, 2020

CR7 already making money for Juve

Published:Tuesday | July 10, 2018 | 12:00 AM

Cristiano Ronaldo is expected to be unveiled by new club Juventus on Monday, but the Juventus stock price has already climbed 35 per cent in a week.

The transfer was confirmed by Real Madrid and Juventus yesterday, confirming the €100m transfer, but simply the news of his arrival has brought in huge amounts of cash to the club.

The stock price of Juventus soared 34.8 per cent in the space of a week, since the news of a Ronaldo bid first started to take hold on Monday, July 2, meaning the Turin club has already earned well over €300 million since the rumours started.

The shares are at their highest since May 2017, when they hit €0.9655. Only a week ago, the cost of Juve shares were €0.6660.