Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Ajax FC’s shares fall by 21% after Champions League defeat

Bamidele Samuel AdesojibyBamidele Samuel Adesoji
4 years ago
in Business News
AFC Ajax
Share on FacebookShare on TwitterShare on Linkedin

The Shares of AFC Ajax crashed by as much as 21 percent on Thursday, after Tottenham Hotspur‘s shock comeback sent the Dutch football club crashing out of Europe’s Champions League.

Report shows that Ajax‘s stock fell in early Amsterdam trading, erasing a rally of about the same amount that followed the Club’s last week victory at White Hart Lane in London.

Ajax Shares rally since the win over Madrid – Ajax‘s shares had been on a run since their March quarter-final triumph over Real Madrid, rising more than 60 percent. The club hit an all-time high on Wednesday, breaking through the €25 mark, before closing at €23.50, as investors were hopeful that the Amsterdam club would push through to the final.

Report shows that the Champions League exit knocked almost €100m from Ajax’s market capitalisation after it fell from €431m to €337m.

Specifically, before Thursday morning’s fall, Ajax‘s shares had rallied over 50% since March as the team went deeper into the European competition. However, Spurs staged a remarkable comeback in the second half, thanks to a hat-trick from Brazilian, Lucas Moura. Moura’s 96th-minute goal-scoring tied the game on an aggregate and qualified Tottenham for the final in Madrid on away goals.

 

Tottenham’s Lucas Moura celebrates after scoring his side’s second goal during the Champions League semifinal second leg

Ajax Shares still up despite being ousted – Despite crashing out of the competition in the cruellest manner imaginable to football fans, Ajax‘s shares remain up about 52% over the past year. In addition to this, the European football’s governing body, UEFA, pays out about €2bn to clubs in the competition, with an appearance in the finals bringing a €15m payout. The winner of the trophy earns a further €4m.

Other big European clubs witnessed Shares fall after exit – Ajax is not the only football team to have witnessed dramatic swings in their share prices based on their results on the pitch.

Italian football, Juventus‘ shares plummeted as much as 24 percent in April, the most since the stock started trading in December 2001. This happened after the Italian team was knocked out of the Champions League.

Ajax’s struggle to overcome 22-year hurdle – Note that Ajax’s semifinal loss is coming after the club struggled for 22 years to qualify for a semifinal at the Champions League. Had it successfully gone through the semifinal, it would have been their club’s first Champions League final since 1996 when it lost to Juventus. The Amsterdam squad last won the elite league tournament in 1995.

Related

Tags: AFC AjaxChampions LeagueChampions League 2019Tottenham Hotspur

Leave a Reply Cancel reply

fidelity banner
Press one
Mega Millions
SME
hfm
HFM
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • NMDPRA issues 6 new regulations, sets March 31 deadline for permits
  • Accenture lays off 19,000 jobs worldwide in a bid to streamline operations
  • Nigerian telco industry struggles to attract foreign capital for 4G and 5G infrastructure deployment

Follow us on social media:

Recent News

NMDPRA issues new regulations, sets March 31 deadline for permits

NMDPRA issues 6 new regulations, sets March 31 deadline for permits

March 24, 2023
Accenture lays off 19,000 jobs worldwide in a bid to streamline operations

Accenture lays off 19,000 jobs worldwide in a bid to streamline operations

March 24, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions
  • 2023 Elections

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections

© 2023 Nairametrics

error: Alert: Content selection is disabled!!