Ronaldo removes two bottles; Coca-Cola loses Rs 400 crore; Stock market slump
16-06-2021
Budapest:
Coca-Cola hit the market after Cristiano Ronaldo removed bottles of Cola, the official sponsors of the Euro 2020 tournament, at a news conference during the Euro Cup. Shares of the company fell 1.6 percent.
The daily value of Coca-Cola dropped from $ 242 billion to $ 238 billion in 24 hours.
Ronaldo's gesture to drink green water, not cola, cost Cola $ 4 billion in a single day.
Cola has also lost ground in the stock market. The stock fell to $ 55.22 a share from $ 56.10.
Neither Coca-Cola nor UEFA has yet responded to Ronaldo's stance. Coca-Cola, who has been a sponsor of the European Championships since 1988, has suffered a major setback.
At a news conference with his coach ahead of the match against Hungary, Cristiano advised him to take off the cola bottles in front of him and drink water.
The video went viral on social media, showing people removing bottles of cola from the table and pointing to bottled water.
Ronaldo is a person who pays close attention to his diet and fitness. Ronaldo has previously spoken out against unhealthy eating habits, including junk food.
Cristiano Ronaldo said at the Global Soccer Awards last year that he was not interested in soft drinks.
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