Shares in Italian champions Juventus dropped by five percent on Friday after an investigation was re-opened this week into rape allegations against superstar forward Cristiano Ronaldo.
The Old Lady shares were 1.25 euros, down 5.37 percent, after trading opened in Milan Friday morning.
This is in stark contrast to the boost the club got after completing Ronaldo’s switch in the summer when its shares surged by as much as 33%.
Ronaldo, 33, found himself in the eye of a storm after Las Vegas police decided to reopen rape allegations against him.
American model Kathryn Mayorga filed a civil lawsuit against Ronaldo alleging that he raped her in a Las Vegas penthouse suite nine years ago.
She claims to still be in “active therapy” to deal with the emotional impact of the alleged assault, and wants justice.
Ronaldo has denied the allegation, saying rape was an ‘abominable crime’, but the uncertainty over the possible fallout continues to grow.