The title of the Juventus football club of Turin fell more than 8% on the Milan stock exchange on Wednesday, one day after the elimination from the Champions League.
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At around 1 p.m. (1 p.m. in Italy), Vecchia Signora’s share fell by 8.17% to EUR 0.791, in a market that fell by 0.30%.
This elimination against FC Porto (1-2, 3-2 after extra time) is the second in a row in the second round of the Champions League for Juventus, beaten by Lyon last year.
This fact robs the Turin club about 10 million euros (11.8 million dollars) which, according to an estimate by La Gazzetta dello Sport, would have generated the pass to the quarter-finals.
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And it comes when the Bianconero club announced a loss of 113 million euros (134.2 million dollars) in the first half of the 2020/21 fiscal year at the end of February, more than double the loss in the first six months of the season. . precedent, largely due to the coronavirus pandemic.