'Drink Water!' - Coca-Cola Loses $4 Billion After Ronaldo Removes Its Bottles At Euro Press Conference!

‘Drink Water!’ – Coca-Cola Loses $4 Billion After Ronaldo Removes Its Bottles At Euro Press Conference!

Drink water Coca-Cola Ronaldo

The Portugal captain does not appear to be a fan of carbonated soft drinks. Cristiano Ronaldo removed two bottles of Coca-Cola kept in front of him at Monday’s Euro 2020 press conference, he also encouraged people to drink water instead.

The 36-year-old Ronaldo moved the coca-cola bottles aside as he sat down to speak to the media and encouraged people to drink water. Meanwhile, this happened right before Tuesday’s Group F opener against Hungary. Moreover, he followed it by holding a bottle of water before shouting in Portuguese: ‘Agua!’

Coca-Cola’s share price dropped from $56.10 to $55.22 almost immediately after Ronaldo’s gesture. It was a 1.6% dip. The market value of Coca-Cola went from $242bn to $238bn. It’s a drop of $4bn.

Coca-Cola is one of the official sponsors of Euro 2020. The brand issued a statement that “everyone is entitled to their drink preferences” with different “tastes and needs”.

ronaldo water
Image: Reuters

Meanwhile, a Euro spokesperson said, “Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences.”

Ronaldo is a pop-culture colossus, boasting nearly 300 million Instagram followers. Meanwhile, on Tuesday, he scored twice in Portugal’s 3-0 win over Hungary. Ronaldo moved beyond France’s great Michel Platini as the record goalscorer at the European Championship finals with 11. So, are you encouraged to drink water as it’s a wellness drink?

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