Juventus shares soar after Ronaldo magic


Ronaldo embarks on his trademark celebration after notching his eighth hat-trick in the Champions League. (...
Ronaldo embarks on his trademark celebration after notching his eighth hat-trick in the Champions League. (PHOTO/Courtesy/Dailymail)

In Summary

  • Juventus shares soared more than 20 percent and were on track for their biggest one-day gain in five-and-a-half years on Wednesday after the Italian Serie A side overturned a two-goal Champions League deficit to defeat Atletico Madrid
  • The victory on last night puts the Turin side through to the quarter finals of the elite European clubs competition, qualifying them for about a payment of 900 million Kenyan shillings

Juventus shares soared more than 20 percent and were on track for their biggest one-day gain in five-and-a-half years on Wednesday after the Italian Serie A side overturned a two-goal Champions League deficit to defeat Atletico Madrid.

The victory on last night puts the Turin side through to the quarter finals of the elite European clubs competition, qualifying them for about a payment of 900 million Kenyan shillings.

The cash would be on top of the 960 million shillings the club received for getting through to the last 16 stage.

As at 1100hrs EAT, the shares were up 16 percent after hitting their highest since late January in early trading. The shares were on track for their best day since October 2013.

“Considering the amount they gain by qualifying for the next round against the odds, it is quite fair,” said a trader.

“Plus looking forward, the only obstacle for them might be Barcelona (if they do qualify) or possibly Man City, the other clubs aren’t that great.”

 Juventus are controlled by Exor, the investment holding of Italy’s Agnelli family, which owns nearly 64 percent of the soccer team.

English clubs Manchester City, Manchester United and Tottenham Hotspur have reached the last eight of the Champions League, along with Ajax Amsterdam and Porto.

The winners of Wednesday night’s ties between Barcelona and Olympique Lyonnais, and Bayern Munich and Liverpool will complete the line-up. The draw for the quarter-finals of the Champions League takes place on Friday.

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