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Ronaldo causes Coca-Cola Market share to drop by $4bn

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Cristiano Ronaldo’s removal of two Coca-Cola bottles at a Euro 2020 news conference coincided with a $4 billion drop in the market value of the American drink giant.

The Portugal captain was visibly troubled when he saw two bottles of the carbonated soft drink in front of him as he sat down to speak to the media on Monday in Budapest ahead of his national team’s Group F opener against Hungary.

Ronaldo, an advocate of a healthy diet, moved the glass bottles out of the camera frame and instead held up a bottle of water and said in Portuguese: “Water!”

Coca-Cola saw its share price drop by 1.6% to $55.22 soon after Ronaldo’s actions. The market value went from $242bn to $238bn — a $4bn drop.

Coca-Cola, an official sponsor of Euro 2020, responded in a statement that “everyone is entitled to their drink preferences” with different “tastes and needs.”

Coca-Cola company has 200 brands worldwide, including different types of water. A Euro 2020 spokesperson  said: “Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences.”

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They added that without the support of brands like Coca-Cola, “we could not organise a tournament with such success for players and fans, nor invest in the future of football at all levels.”

Coca-Cola’s partnership with UEFA goes back to 1988 with the company having “a long tradition of supporting all sports at its various levels” and which has allowed “investment in football at all levels.”

On Tuesday, France  midfielder Paul Pogba  removed a bottle of Heineken beer that had been placed in front of him at a news conference following the 1-0 win over Germany  in Munich.

Pogba, a practising Muslim who does not drink alcohol, removed the bottle when he sat down to speak to the media after he was named man of the match.

On Tuesday, Ronaldo, 36, became the leading scorer in European Championship history  with 11 goals. The Juventus forward struck twice in Portugal’s 3-0 win over Hungary in what was his record fifth tournament appearance.

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The defending champions had to wait until the 84th minute to break the deadlock. Ronaldo later shared a message with his almost 300 million Instagram followers about resilience.

The five-time Ballon d’Or winner wrote: “You have to know how to suffer, fight to the end and always believe with all your strength. There are no easy opponents or games won straight away.

“The European Championship is a luxury stage where only the best of the best are present and where every victory has to be won with all the determination and selflessness. Big win, team!”

-ESPN

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Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.

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Former England captain, David Beckham and actor Gary Oldman awarded knighthoods

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David Beckham, businessman and retired football player, waits to meet Britain's King Charles and Queen Camilla, at the RHS Chelsea Flower Show in London, Britain, May 19, 2025. REUTERS/Toby Melville/Pool/File Photo

Former England soccer captain David Beckham and actor Gary Oldman were knighted in King Charles’ annual birthday honours list on Saturday, while sculptor Antony Gormley was made a Companion of Honour.

Beckham, 50, joined Manchester United as a trainee in 1993, going on to make almost 400 appearances for the club where he won a string of titles and cups.

He subsequently played for Real Madrid, LA Galaxy, and Inter Milan, as well as captaining his country 58 times and making 115 appearances.

His marriage to fashion designer and former Spice Girl Victoria Beckham in 1999 cemented a celebrity status which went far beyond his sporting exploits.

Oldman, 67, started his career on the stage, where he was a member of the Royal Shakespeare Company, before rising to prominence in film. He won the best actor Oscar for playing Winston Churchill in the 2017 drama “Darkest Hour”.

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He also had roles in the “Dark Knight Trilogy” and the “Harry Potter” movie series and more recently starred in the TV spy drama “Slow Horses”.

Other famous names receiving honours included damehoods for musical theatre star Elaine Paige, novelist Pat Barker and ceramics maker Emma Bridgewater.

Roger Daltrey, lead singer of rock band the Who and a patron of the Teenage Cancer Trust, received a knighthood for services to charity.

More than 1,200 people received honours for their achievements, with a particular focus on those who had given their time to public service, the government said.

King Charles’ official birthday will be celebrated with the annual “Trooping the Colour” military parade in London on Saturday. His actual birthday is on November 14

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-Reuters

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Diego Maradona trial judge stands down amid scandal

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Italy Court Clears Maradona Of Tax Evasion Years After His Death -

One of three judges in Diego Maradona’s closely scrutinized homicide trial in Argentina resigned on Tuesday amid a scandal triggered by the alleged filming of an unauthorised documentary, bringing uncertainty to the future of legal proceedings.

The high-profile trial over the death of soccer star Maradona began on March 11 in the South American country where the World Cup winner is still revered.

-Reuters

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The World’s 10 Highest-Paid Athletes in 2025 revealed

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For the third year in a row, and the fifth time overall, Cristiano Ronaldo is the world’s highest-paid athlete.

But at age 40, the Portuguese soccer superstar is reaching new highs.

Over the past 12 months, counting both his playing salary at Saudi Arabia’s Al-Nassr and his off-field business endeavors, Ronaldo collected an estimated $275 million before taxes and agent fees—the third-best year by an active athlete ever measured by Forbes.

On that all-time list, Ronaldo is surpassed only by boxer Floyd Mayweather, who earned $300 million in 2015 and $285 million in 2018.

And when it comes to the 2025 leaderboard, Ronaldo has a $119 million advantage over No. 2, Golden State Warriors guard Stephen Curry.

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The League of Wealthy Sportsmen

The gap is especially impressive considering that Curry’s $156 million total is also a record for his sport, beating the NBA mark of $128.2 million set last year by LeBron James.

And there are plenty of other eye-popping paydays among this year’s 10 highest-paid athletes, starting with James, who notched a personal-best $133.8 million to land at No. 6. Meanwhile, Dallas Cowboys quarterback Dak Prescott (No. 4, $137million) and New York Mets outfielder Juan Soto (No. 7, $114 million) broke records for the NFL and MLB.

Combined, the 10 highest-paid athletes brought in $1.4 billion, up slightly from last year’s $1.38 billion and the largest total since Forbes began ranking athlete earnings in 1990.

This year is also only the second time, after 2024, that every member of the top 10 made at least $100 million.

 In fact, heavyweight boxing champion Oleksandr Usyk ($101 million) and golfer Jon Rahm ($100 million) reached the milestone, too, without managing to crack this list.

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For the third year in a row, and the fifth time overall, Cristiano Ronaldo is the world’s highest-paid athlete.

But at age 40, the Portuguese soccer superstar is reaching new highs.

Over the past 12 months, counting both his playing salary at Saudi Arabia’s Al-Nassr and his off-field business endeavors, Ronaldo collected an estimated $275 million before taxes and agent fees—the third-best year by an active athlete ever measured by Forbes.

On that all-time list, Ronaldo is surpassed only by boxer Floyd Mayweather, who earned $300 million in 2015 and $285 million in 2018.

And when it comes to the 2025 leaderboard, Ronaldo has a $119 million advantage over No. 2, Golden State Warriors guard Stephen Curry.

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The gap is especially impressive considering that Curry’s $156 million total is also a record for his sport, beating the NBA mark of $128.2 million set last year by LeBron James.

And there are plenty of other eye-popping paydays among this year’s 10 highest-paid athletes, starting with James, who notched a personal-best $133.8 million to land at No. 6. Meanwhile, Dallas Cowboys quarterback Dak Prescott (No. 4, $137million) and New York Mets outfielder Juan Soto (No. 7, $114 million) broke records for the NFL and MLB.

Combined, the 10 highest-paid athletes brought in $1.4 billion, up slightly from last year’s $1.38 billion and the largest total since Forbes began ranking athlete earnings in 1990.

This year is also only the second time, after 2024, that every member of the top 10 made at least $100 million.

 In fact, heavyweight boxing champion Oleksandr Usyk ($101 million) and golfer Jon Rahm ($100 million) reached the milestone, too, without managing to crack this list.

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World’s Highest-Paid Athletes 2025

VIEW THE FULL LIST

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