The title of the Turin football club Juventus fell more than 8% this Wednesday on the Milan Stock Exchange, a day after its elimination from the Champions League.
You may be interested in: Alone, powerless and with a blow: The frustration of Cristiano Ronaldo after the elimination of Juventus in the Champions League
Around 13:00 (1.00 PM in Italy), the stock of the Vecchia Signora fell by 8.17% to 0.791 euros, in a market down 0.30%.
This elimination against FC Porto (1-2, 3-2 after extra time) is the second in a row in the round of 16 of the Champions League for Juventus, defeated last year by Lyon.
This deprives the Turin club of about 10 million euros (11.8 million dollars) that would have generated the move to quarters, according to an estimate by La Gazzetta dello Sport.
READ MORE: The memes destroy Cristiano Ronaldo and Juventus after being again eliminated from the Champions League
And it comes when the bianconero club announced at the end of February a loss of 113 million euros ($ 134.2 million) in the first half of its 2020/21 financial year, more than double that recorded in the first six months of the previous season, largely due to the coronavirus pandemic.