Mubasher: Italy’s football club Juventus saw its shares rallying more than 20%, in the wake of their Champions League comeback against Atletico Madrid.
Shares of the Italian giant, known as “La Vecchia Signora” (Italian for “Old Lady”), opened Borsa Italiana on Wednesday at EUR 1.58 ($1.78), a 24% surge from Tuesday’s closing at EUR 1.22. However, by 11:41 am GMT, Juventus shares trimmed gains slightly and traded 16.1% higher at EUR 1.426 per share.
The rally came the morning after Cristiano Ronaldo scored a hat-trick to overturn a two-goal deficit and defeat Atletico Madrid on Tuesday.
The victory against Atletico Madrid sent the Italian club into the UEFA Champions League quarter-final.
It is worth noting that Champions League quarter-finalists would receive an extra EUR 10.5 million in prize money, with another EUR 31 million potentially at stake if clubs progress further.
English football clubs Manchester City, Manchester United, and Tottenham Hotspur have made it to the last eight of the Champions League, along with Ajax Amsterdam and Porto.
The winner of Wednesday’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 is slated for Friday.
Juventus is controlled by Exor, the investment holding arm of Italy’s Agnelli family, which owns around 64% of the football team.