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💧 Boiling CR7 vs. Ice Cold Coke

Coke lost $4b in two days after Cristiano Ronaldo recommended to drink water instead of Coca-Cola: coincidence?

Tiago Baldaia

Jun 15, 2021

Sky News @SkyNews

Football star @Cristiano Ronaldo removed two bottles of tournament sponsors Coca-Cola as he entered a #EURO2020 news conference before encouraging people to drink water. More videos like this here 👉 news.sky.com/videos

🥤 In a EURO 2020 press conference, the Portuguese captain removed two bottles of Coca-Cola, pointing to a bottle of water and saying "water yes", being Coca-Cola one of the main sponsors of the European Championship.

🌎 Bear in mind that, apart from being the most-followed person on Instagram (298 million followers), Cristiano Ronaldo is also the most-followed person on Facebook with over 148 million subscribers.

❓ Why did he do that? He’s publicly against ultra-processed foods and drinks, and in a previous interview, he said about his son "I'm hard with him sometimes because he drinks Coca-Cola and Fanta sometimes and I'm p*ssed with him". Health, fitness, and wellbeing seem to be a priority to CR7, despite displaying a beer brand on Portugal’s training kit, or having a past promoting fast food.

📉 What happened? Ronaldo's Coca-Cola gesture was followed by a $4bn drop in the company's market value, which represents a loss of 1.5% compared to Fridays’ $56.16. However, analysts say that this had nothing to do with the player but instead with the announcement of a cash dividend payment.

Even so, the multi-billion dollar drinks company that sponsors the tournament has responded, saying “Everyone is entitled to their drink preferences. Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar”, while UEFA stated that “without the support of these brands it would not be possible to organize a tournament so successfully”.

💡 Imagination was unleashed and the world got a lot of memes, with brands riding the hot topic. In the meanwhile, CR7 scored again and broke two more records🥇.

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