Cristiano Ronaldo Wipes Over $5 Billion Off Coca-Cola Market Value
โ€” Updated on 22 June 2021

Cristiano Ronaldo Wipes Over $5 Billion Off Coca-Cola Market Value

โ€” Updated on 22 June 2021
Garry Lu
WORDS BY
Garry Lu

He may have cashed in all that sweet, sweet sponsorship money from Coca-Cola in previous years โ€“ as well as KFC, never forget โ€“ but Cristiano Ronaldo certainly wasnโ€™t eager to share a Coke with anyone at the European Championship press conference.

Removing two bottles of the not-so-good stuff from his table didnโ€™t exactly prove to be such an innocuous gesture, either. As multiple publications are reporting, the Portugal captain and famed health fanaticโ€™s actions have coincided with a 1.6% dip in Coca-Colaโ€™s market capitalisation, valued at approximately US$4 billion (AU$5.25 billion).

โ€œCoca-Colaโ€ฆ ugh,โ€ Ronaldo remarked while speaking to reporters ahead of Portugalโ€™s opening match against Hungary. Later on, the man held up a bottle of water while exclaiming in favour: โ€œAgua!โ€ And just like that, billions evaporated into thin air; US$242 billion became US$238 billion.

RELATED: Inside Cristiano Ronaldoโ€™s Daily Menu (Which Keeps His Rig Tight)

Cristiano Ronaldo Coca-Cola

โ€œPlayers are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences,โ€ says a Euro 2020 spokesperson in specific reference to the Cristiano Ronaldo water incident.

โ€œEveryone is entitled to their drink preferences.โ€

Much to the Euro 2020 drink sponsorsโ€™ annoyance, this event appears to have sparked a trend. Shortly after, French superstar Paul Pogba removed a bottle of Heineken during his own press conference with reporters. Many speculate his motives were more religious than health related, given Pogba is a practising Muslim. Incidentally, Pogba received the Heineken Star of the Match award for playing an integral role in Franceโ€™s latest victory.

Ronaldoโ€™s impact was felt in a different sense on the actual field. Leading Portugal to a flawless 3-0 victory over Hungary โ€“ all three goals seen during the latter portion of the match โ€“ the former will now face Germany later this week at the Allianz Stadium to continue its title defence journey.

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Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]

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