Juventus down after defeat in Champions League

The shares of Juventus, the Italian football giant, lost 22% on the Milan stock market Wednesday morning, after the club was eliminated from the Champions League by Ajax Amsterdam.

They recovered slightly but lost 15% to 1.43 euro (1.24 £) in trade at noon.

The Dutch club triumphed 2-1 in Turin in the quarterfinals, first leg, to qualify 3-2.

Juventus won a record number of Italian titles and was a finalist in the Champions League in 2015 and 2017.

The star team, headed by superstar Cristiano Ronaldo, was the big favorite to qualify for the semi-finals of the competition of the best European clubs.

The club's shares had reached the highest level in 2019, at € 1.71 earlier this week, before the match.

But Wednesday, his shares were temporarily suspended after falling nearly a quarter.

Ajax shares win

Tuesday night, Ronaldo, five times winner of the tournament, was at the head of Juventus at Allianz stadium. He led the Italian hosts in front of a corner in the first half.

But Ajax was beaten evenly when Donny van de Beek controlled the shot from Hakim Ziyech and overtook Wojciech Szczesny.

The teenage club captain of Amsterdam, Matthijs de Ligt, then scored to eliminate the Serie A leaders.

Ajax shares rose 8.5%, peaking at € 18.60 after their victory, valuing the club at more than € 300 million.

To reach the semi-finals of the Champions League, Ajax will receive an additional 12 million euros, as well as an additional 19 million euros if they win and win the final.

Juventus was ranked 11th in Deloitte 's World Rich Football list in January, with an annual turnover of € 350m, making it the richest club in Italy.

Ajax failed to be in the top 20 of Deloitte's ranking.