Audio By Carbonatix
With one word, Portugal star Cristiano Ronaldo caused Coca-Cola to lose $4 billion of its market value, according to ESPN's Adriana Garcia.
Ronaldo was preparing to begin a press conference when he removed two Coke bottles from the table, lifted a bottle of water and said "agua" in his native Portuguese.
That apparently was enough for Coca-Cola's value to fall from $242 billion to $238 billion.
Coca-Cola remained diplomatic.
"Everyone is entitled to their drink preferences," the company said in a statement.
A UEFA spokesperson added that players are provided with Coke, Coke Zero Sugar and water at official press conferences.
UEFA announced in September 2019 that Coca-Cola had signed on as "the official non-alcoholic beverage sponsor" for Euro 2020: "The sponsorship deal will give the company the opportunity to showcase several brands, including sparkling beverages, sports drinks, water, ready-to-drink coffee and fruit-based drinks, with low, and sugar-free options."
In this case, Ronaldo was the one inflicting the financial harm on Coca-Cola and not the other way around.
Brazilian legend Ronaldinho wasn't so lucky in 2012. The 2005 Ballon d'Or winner lost his $750,000-a-year sponsorship deal with the company after sipping from a can of Pepsi during a press conference.
Latest Stories
-
PMI Global Summit Series heads to Cape Town
52 minutes -
NIHR Symposium 2026: Researchers meet in Ghana for sustainable solutions as NCDs surge worldwide
54 minutes -
No drums, no loudspeakers, no funerals from May 4 as AMA announces noise-making ban
2 hours -
[Video] Singer Paul Okoye of P-Square falls off stage during performance in Australia
2 hours -
‘Why your papa no hustle’ – Davido blasts T-Dot for calling him daddy’s boy
2 hours -
Many musicians far more talented than me but not heard – Asake
2 hours -
Trump pulls Surgeon General pick after nomination stalls
2 hours -
Apple hails ‘extraordinary’ iPhone demand as boss Tim Cook heads out
3 hours -
US judge rejects Trump administration’s halt on immigration applications
3 hours -
Amnesty urges Nigeria to investigate deaths in army-run camp, military says report baseless
3 hours -
Cocoa buyers divert funds to purchase smuggled beans, COCOBOD says
3 hours -
Myanmar ex-leader Aung San Suu Kyi moved to house arrest, military says
3 hours -
Violence in Australian town after arrest of man over girl’s murder
3 hours -
King arrives in Bermuda after ending US trip with visit to small town America
4 hours -
Trainee driver crashes bus into River Seine
4 hours