Juventus shares fall more than 17% after Champions League exit

Turin giants were beaten by Ajax 3-2 on aggregate in Champions League quarter-finals

MILAN: Shares in Italian club Juventus fell more than 17 per cent in early trading on Wednesday after Cristiano Ronaldo's side were knocked out of the Champions League quarter-finals by Ajax.

Juventus shares were down 17.7 per cent at €1.39 at 0730 GMT after plunging nearly 21 per cent when trading in Milan began.

DE LIGT: – We don't have any fear for any opponent. We know we can play. And as you can see, we are really good at the moment.

(@JanAageFjortoft) pic.twitter.com/0gBQA3hK2Z

— Viaplay Fotball (@ViaplayFotball) April 16, 2019

Shares in the Turin-based club had risen sharply last year following the signing of Ronaldo from Real Madrid.

A young Ajax team stunned Juventus to reach the Champions League semi-finals for the first time since 1997 as Matthijs de Ligt's second-half header secured a 2-1 second-leg victory in Italy on Tuesday.

The defeat halted Ronaldo's bid for a sixth Champions League title.