Juventus shares rally with Ronaldo transfer confirmation

Juventus shares rally with Ronaldo transfer confirmation

Juventus Football Club (LON:JUVE) saw their share price spike following confirmation of a €100 million transfer deal for Cristiano Ronaldo.

Ronaldo now boasts the highest price tag for a player over the age of 30, as well as being the first player in that age group to be valued in the hundreds of millions of euros. This comes nine years after he joined Real Madrid and set the previous world transfer record of €94 million.

The 33 year old moves to Turin after scoring goals that put Juventus out of the Champions League two years in a row, as well as becoming Real Madrid’s all-time top goal scorer. The player said he is seeking a new challenge.

“I only have feelings of huge thanks for [Real Madrid], for the fans and for this city,” he said.

“But I think the time has come to open a new stage in my life and that’s why I asked the club to accept to transfer me.”

The move will mean that Juventus’ June squad valuation will be updated to $1.59 billion, while Chairman Andrea Agnelli’s net worth stands at $13.5 billion.

Following rallies during negotiations last week, yesterday’s transfer confirmation saw the club’s share price spike 38.27 percent, or €0.31, to €1.12. Juventus’ share price has dipped 4.18 percent or €0.038 in trading this morning.

 

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