Juventus shares plunge; major brands ‘concerned’ over Cristiano Ronaldo allegations

first_imgJuventus’s brand value seems to have taken a major hit after an American woman accused Cristiano Ronaldo of raping her in 2009.The Italian club’s shares fell sharply on Friday and it is believed that it has to do with the rape allegations against its recently acquired star player.Juventus shares fell 7 percent by 1425 GMT. The stock is down 13 percent since the allegations first emerged on Tuesday.However, Ronaldo, who signed for Juventus from Real Madrid in July for 100 million euros, has denied the allegations and said that he awaits the completion of an investigation.”I firmly deny the accusations being issued against me. Rape is an abominable crime that goes against everything that I am and believe in. Keen as I may be to clear my name, I refuse to feed the media spectacle created by people seeking to promote themselves at my expense.Also read – Firmly deny the rape accusations issued against me: Cristiano RonaldoMy clear conscious will thereby allow me to await with tranquility the results of any and all investigations,” Ronaldo tweeted.I firmly deny the accusations being issued against me. Rape is an abominable crime that goes against everything that I am and believe in. Keen as I may be to clear my name, I refuse to feed the media spectacle created by people seeking to promote themselves at my expense.Cristiano Ronaldo (@Cristiano) October 3, 2018My clear conscious will thereby allow me to await with tranquillity the results of any and all investigations.Cristiano Ronaldo (@Cristiano) October 3, 2018Ronaldo also took to Instagram to deny doing any such thing.advertisement”No, no, no, no, no. What they said today? Fake, fake news,” Ronaldo said in an Instagram live video on Sunday, dismissing the claims.”They want to promote [themselves by using] my name. It’s normal. They want to be famous to say my name, but it is part of the job. I am a happy man and all good,” Ronaldo said.Also read – ‘Fake, fake News’: Cristiano Ronaldo denies rape claimsRonaldo’s headline brand endorsers — Nike and Electronic Arts (EA Sports) — also expressed their ‘concerns’ regarding the matter on Thursday.”We are deeply concerned by the disturbing allegations and will continue to closely monitor the situation,” Nike said.”We have seen the concerning report that details allegations against Cristiano Ronaldo, We are closely monitoring the situation, as we expect cover athletes and ambassadors to conduct themselves in a manner that is consistent with EA’s values,” read an Electronic Arts statement.However, Juventus backed their superstar and said that they stand by him.”Cristiano Ronaldo 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 do not change this opinion, which is shared by anyone who has come into contact with this great champion,” Juve [email protected] Ronaldo has shown in recent months his great professionalism and dedication, which is appreciated by everyone at Juventus. 1/1JuventusFC (@juventusfcen) October 4, 2018The events allegedly dating back to almost 10 years ago do not change this opinion, which is shared by anyone who has come into contact with this great champion. 2/2JuventusFC (@juventusfcen) October 4, 2018Also read – Cristiano Ronaldo lawyers to sue German magazine Der Spiegel over ‘illegal’ reportIt all started when German magazine Der Spiegel published an article which saying that the rape allegedly took place in June 2009 in a hotel room in Las Vegas, according to Leslie Mark Stovall, lawyer for the alleged victim.According to reports in the German magazine, the American woman had filed a rape report with Las Vegas police shortly after the alleged incident.Ronaldo and the American woman then reached an out-of-court agreement, according to Stovall as reported in the magazine.The report further said, according to Stovall, that she had pledged never to speak of the accusation again and Ronaldo allegedly paid her USD 375,000.Ronaldo’s lawyers on Friday had said that they would sue Der Spiegel after it published “blatantly illegal” accusations by the American woman.Ronaldo’s lawyer Christian Schertz said in a statement the report was “an inadmissible reporting of suspicions in the area of privacy”, and that he would seek legal redress for his client from the magazine.Ronaldo is one of the biggest names in world sport. He has been named player of the year five times and transferred to Juventus from Real Madrid this summer for 100 million euros. The Italian club declined to comment on the Der Spiegel report.(With reports from Reuters)advertisementlast_img

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