Juventus Football Club SpA shares fell in Milan to an eight-month low after the team was defeated 3-0 by Real Madrid in Turin in the first leg of the Champions League quarterfinal that included a spectacular bicycle-kick goal by Cristiano Ronaldo.
Juventus dropped as much as 7.9 percent, bringing the stock of the team controlled by the Agnelli family to the lowest since August and giving it a market value of 633 million euros ($778 million). Juventus, which has lost 18 percent since the beginning of the year, was the biggest decliner on the 22-member STOXX Europe Football Index.
Juventus has a slim chance to reach the semifinals, which would guarantee an additional bonus from UEFA of at least 7.5 million euros, according to its website. The Champions League will generate 1.27 billion euros of revenue this season that’s shared by participant clubs.
The Agnelli family, which has owned Juventus for more than 90 years, controls Ferrari NV and Fiat Chrysler Automobiles N.V. Its holding company Exor NV owns 64 percent of Juventus. Andrea Agnelli, the cousin of Exor CEO John Elkann, has been chairman of Juventus since 2010.