Cristiano Ronaldo. Source: Twitter

Shares in Italian champions Juventus fell by five percent on Friday after an investigation was re-opened this week into rape allegations against star player Cristiano Ronaldo.

The shares were 1.25 euros, down 5.37 percent, after trading opened in Milan.

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Ronaldo’s move from Real Madrid to Juventus in the summer gave the Italian champions a huge boost, both on and off the field, as they continue their elusive bid for a first Champions League title since 1996.

On September 20, shares rose 180% to a record level of over €1.80.

Juventus have so far stood behind Ronaldo, but the Italian club’s reaction to the issue has angered some fans.