Champions League Elimination Costs Juventus Stock Up To €400 Million
Apr 17, 2019, by Chris
It was a shocking night for Juventus yesterday as they were knocked out by outsiders Ajax in the UEFA Champions League quarter final. Investors seemed to be also very stunned by Ajax's performance as the shares of Juventus Football Club S.p.A. declined drastically on Wednesday. Story via Bloomberg.
Juventus Football Club S.p.A. Fall By As Much As 24 Percent
Shares of Juventus Football Club S.p.A. plummeted as much as 24 percent Wednesday. Juventus stock lost about 400 million Euro ($453 million) market value at its low. It was the biggest decline since the stock started trading in December 2001,
via @EmilioSansolini
Meanwhile, the Amsterdam-based club’s stock soared. Ajax jumped 8.5 percent to 18.60 Euro at 12:10 p.m. in Amsterdam, valuing the company at 341 million Euro.
Ajax now has the chance to boost its annual revenue by more than a third. Reaching the semis has earned it an added 12 million Euro in prize money, with another 19 million Euro potentially up if the team progresses further.
Ajax had adjusted revenue of about 92 million Euro in 2018, less than a fifth of that earned by Juventus, according Bloomberg.
Currently, the Juventus stock is down 15%, which means that Juventus is currently worth around 1.4 billion Euro. This means that Juventus shares remain up about 60 percent since the Ronaldo signing was announced in July.
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Legia Warsaw Release First Adidas Originals Collection in Decades
Legia Warsaw and Adidas have officially launched an all-new Originals lifestyle collection, marking the club's first dedicated project under the iconic Trefoil banner in decades. The retro-infused streetwear range draws heavily on vintage terrace fashion and archival sportswear aesthetics.
Rendered in Legia's traditional palette of green, white, and black, the drop includes classic full-zip track jackets, hoodies, track pants, and t-shirts. Every piece is detailed with Adidas' signature Trefoil logo and prominent Three Stripes down the sleeves and legs. Fans are also treated to two distinct badge options across the garments, with items arriving with either the club's modern crest or the iconic circular 'eLka' emblem.
The Adidas Originals Legia Warsaw collection is available now through the club's official online fan store and selected physical locations. Prices range from 259 PLN for t-shirts to 419 PLN (60-95 EUR) for the full-zip track tops.
