Cristiano Ronaldo snob sees Coca-Cola share price drop $ 4 billion – –

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Cristiano Ronaldo snob sees Coca-Cola share price drop $ 4 billion – –


Cristiano Ronaldo’s withdrawal of two bottles of Coca-Cola at a Euro 2020 press conference coincided with a $ 4 billion drop in the US beverage giant’s share price.
The Portugal captain was visibly flustered when he saw two bottles of soft drink in front of him as he sat down to speak to the media in Budapest on Monday ahead of his national team’s Group F opener against Hungary.

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Ronaldo, an advocate for healthy eating, took the glass bottles out of the camera frame and instead held up a water bottle as he said in Portuguese: “Water!

Coca-Cola saw its stock price drop 1.6% to $ 55.22 shortly after Ronaldo’s shares. The market value fell from $ 242 billion to $ 238 billion, a decrease of $ 4 billion.

Coca-Cola, official sponsor of Euro 2020, responded in a statement that “everyone is entitled to their drink preferences” with different “tastes and needs”.

The Coca-Cola company has 200 brands around the world, including different types of water. A Euro 2020 spokesperson said: “The players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, when they arrive at our press conferences. “

He added that without the support of brands like Coca-Cola “we could not organize such a successful tournament for players and fans, nor invest in the future of football at all levels”.

Coca-Cola’s partnership with UEFA dates back to 1988, the company having “a long tradition of supporting all sports at its various levels” and which has enabled “to invest in football at all levels”.

French midfielder Paul Pogba withdrew a bottle of Heineken beer that had been placed in front of him at a press conference following the 1-0 win over Germany in Munich on Tuesday.

Pogba, a practicing Muslim, removed the bottle when he sat down to speak to the media after being named man of the match.

Ronaldo, 36, became the top scorer in European Championship history with 11 goals scoring two goals on Tuesday. The Juventus forward scored twice in Portugal’s 3-0 win over Hungary in his record-breaking fifth appearance in the tournament.

The defending champions had to wait until the 84th minute to break the deadlock. Ronaldo shared a post with his nearly 300 million Instagram followers about resilience.

The five-time Ballon d’Or winner wrote: “You have to know how to suffer, fight to the end and always believe with all your might. There are no easy opponents or games won straight away.

“The European Championship is a luxury stage where only the best of the best are present and where each victory must be won with all determination and altruism. Big win, team!

Reuters information was used in this report

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