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Christiano Ronaldo implications in Italy

Published 07/10/2018, 12:04 PM
© Reuters.  Christiano Ronaldo implications in Italy
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  • The transfer of Real Madrid soccer superstar Christiano Ronaldo to Juventus is official, reports Bloomberg.
  • The signing of Ronaldo is creating some headaches for Fiat Chrysler Automobiles (NYSE:FCAU) in Italy due to the company's willingness to help finance the €100M deal. The common link between Fiat and the soccer club is the Agnelli family which owns 29% of Fiat and 64% of Juventus. A few social media campaigns against Fiat on the behalf of workers have already started.
  • Shares of Juventus Football Club (OTCPK:JVTSF) gained another 5.54% in Milan today and are up more than 30% since the Ronaldo pursuit began to heat up. Some European analysts think the rally was too much, too soon.
  • There is also some speculation that Ronaldo playing in Italy could lead to a sponsorship deal with Ferrari (NYSE:RACE).
  • Now read: Ferrari Still Has Room To Run


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