Juventus shares fall by incredible 22 per cent after shock Champions League exit to Ajax as £300m gamble to sign Cristiano Ronaldo backfires

Juventus Manager Massimilliano Allegri - Getty

Juventus' shares fell by nearly 22% on Wednesday after being knocked out of the
Champions League by Ajax.


The shares recovered slightly on the Milan stock market but were still down by 17% during the early trading.

Matthijs de Ligt scored with just over 20 minutes to go as the Dutch side came from 1-0 behind to win 2-1 at the Allianz Stadium - which meant they won the quarter-final tie 3-2 on aggregate.

This will not be good news for the Agnelli family, who are the founders of motor company Fiat and have been running the Serie A side since 1923.

Ajax's shares were up by 7.58% after their victory and this has now valued the club at £272million.

Italian side Juventus were knocked out of the Champions League in the quarter finals by Dutch side Ajax - Getty

Cristiano Ronaldo had given his side the lead in the 28th minute when he was unmarked from a corner.

The Portuguese superstar was brought to Turin for a hefty £100m transfer fee, plus around £200m in wages across his four-year contract.

His main task was to deliver the Champions League to the Italian giants and it looked to be going so well after his opener. DailyMail