Cristiano Ronaldo Causes Coca-Cola’s Value to Plummet $4 Billion After Televised Snub: ‘Water!’

Soccer star Cristiano Ronaldo pushed two bottles of Coca-Cola away from him during a press conference

PHOTO: UEFA/UEFA VIA GETTY IMAGES

Cristiano Ronaldo is apparently not a big fan of soft drinks.

During a press conference on Monday, the Portuguese soccer phenom removed two bottles of Coca-Cola that were placed in front of him on a desk as he sat down to speak with reporters. After moving the soda out of view of the cameras, Ronaldo then held up a bottle of water and said in Portuguese: “Water!” Coca-Cola is a sponsor of UEFA Euro 2020.

Ronaldo’s soda rejection coincided with shares of Coca-Cola dropping 1.6 percent, from $56.17 to $55.22, ESPN reported. While the drop may seem like a small jump, it was enough to wipe $4 billion from the soda maker’s market value, bringing it down from $242 billion to $238 billion.

According to Yahoo, the company’s shares were valued at around $55.10 on Wednesday morning, for a market cap of $236.62 billion.

Ronaldo was speaking during the 2020 UEFA European Football Championship (Euro 2020), and a spokesperson for the event later said, “players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences,” in response to the athlete’s diss, according to CBS News.

“[Everyone] is entitled to their drink preferences,” they added.

Related Posts

Breaking new: Michael Jackson’s only son, Paris Jackson, broke down in tears when he spoke out after 20 years of silence. And our suspicions were right, Diddy was… see more

Paris has experienced several difficulties since the death of her father. But, the gifted young lady is currently pursuing her own singing career. Despite the ups and downs in her…

Read more

Arsène Wenger’s smile during the Emirates construction days in 2004, just about 20 years old

Arsène Wenger’s smile during the Emirates construction days in 2004, just about 20 years old. Arsène Wenger’s smile during the Emirates construction days in 2004, just about 20 years old….

Read more

Arteta does not think Arsenal’s win against Leicester is a big deal

Mikel Arteta has downplayed the significance of Arsenal’s win against Leicester City in the broader context of the Premier League season. The Gunners are in the title race for the…

Read more

Arsenal now want to sign ‘jet-heeled’ winger wanted by Man Utd, 6 goals & 3 assists this season – report

Arsenal are interested in signing Hammarby winger Bazoumana Traore, according to Mirror. The Gunners were recently monitoring Traore in action for Hammarby during their top-flight match against Hacken. Mirror now reiterate the club’s interest in the 18-year-old,…

Read more

Arsenal: Declan Rice responds to ‘cheating’ claims as set-piece kings secure another win

The Gunners have picked up crucial points from set-pieces this season and last Mikel Arteta’s side were the best team at set-pieces in the Premier League last season and have…

Read more

Arsenal and Man City: Rivalry Heats Up On and Off the Pitch

Arsenal and Manchester City: A Rivalry Reignited The long-standing rivalry between Arsenal and Manchester City has reached new heights following their recent fiery encounter at the Etihad Stadium. What was already a competitive fixture has…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

DMCA.com Protection Status