Connect with us

Business

Video: Ronaldo removes Coca Cola bottles from press table, wipes billions off Coca-Cola’s market value

Published

on

DROP

The brand is an official sponsor of the Euros, but Portugal’s football superstar made his views clear that he doesn’t align with the company.

Cristiano Ronaldo’s removal of two Coca-Cola bottles during a press conference at the European Championship has coincided with a $4bn fall in the share price of the drinks company.

The Portugal captain is a renowned health fanatic and made it clear what he thinks of the carbonated soft drink. The 36-year-old shifted the bottles of Coca-Cola away from him during a press conference in Budapest on Monday in the prelude to his country’s Group F game against Hungary.

READ   Euro 2020: Portugal suffer major setback as key player pulls out of squad

Ronaldo followed it by holding up a bottle of water before declaring in Portuguese: “Agua!”, appearing to encourage people to choose that instead.

Coca-Cola is one of the official sponsors of Euro 2020. The company’s share price dropped from $56.10 to $55.22 almost immediately after Ronaldo’s gesture, a 1.6% dip. The market value of Coca-Cola went from $242bn to $238bn – a drop of $4bn.

A Euro 2020 spokesperson said: “Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences.” Everyone “is entitled to their drink preferences”.

READ   Destiny Amaka Packs Her Hot Body Into This Beautiful Bikini- See Photos

Ronaldo is a pop culture colossus, boasting almost 300 million Instagram followers.