FILE PHOTO: Soccer Football - Champions League - Group H - Ajax Amsterdam v Valencia - Johan Cruijff Arena, Amsterdam, Netherlands - December 10, 2019 Ajax Amsterdam's Hakim Ziyech and teammates look dejected at the end of the match REUTERS/Piroschka van de Wouw
LONDON (Reuters) - AFC Ajax shares slumped on Wednesday after the Dutch team was eliminated from the Champions League, highlighting the volatility of soccer stocks where results on the pitch can knock millions off their value.
Europe's top clubs have drawn in big money over the last decade, with U.S. private equity firm Silver Lake last month acquiring a stake in the group that owns Manchester City in a deal valuing it at $4.8 billion (3.74 billion pounds).
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