Juventus Slumps After Champions League Exit Adds to Finance Woes
- Sarri was fired by Chairman Agnelli after one-year tenure
- Champions League is a target for the team, Agnelli says
Cristiano Ronaldo of Juventus scores a goal from a penalty kick during the UEFA Champions League match between Juventus FC and Olympique Lyonnais, on Aug. 7.
Photographer: Nicolo Campo/LightRocket/Getty Images
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Juventus Football Club SpA fell the most in five months after the Italian team was knocked out from Europe’s Champions League in a shock exit that prompted the Agnellis-owned team to replace Maurizio Sarri with the unexperienced Andrea Pirlo.
Shares declined as much as 11.5%, the most since March 12, in Milan trading, giving the firm a market value of 1.1 billion euros ($1.3 billion). Reaching to the quarter-finals would have granted the club an additional income of 10.5 million euros.