The European transfer window closes on Tuesday, and Manchester United will pay Juventus EUR15 million ($17.7 million) for the Portuguese forward’s transfer from Real Madrid.
The deal may include additional add-ons worth another EUR8 million ($9.4 million). The transfer is subject to final visa issues and contract terms. United last signed Ronaldo in 2009, for a record EUR94 million.
READ ALSO: Erik ten Hag insists Cristiano Ronaldo will remain at Man Utd
Cristiano Ronaldo’s transfer fee back to Manchester United was just $16.5 million
Cristiano Ronaldo’s transfer fee back from Juventus to Manchester United was only $16.5 million. The Portuguese international is a five-time Ballon d’Or winner and has won over 30 major trophies. In his first spell at Manchester United, he scored 118 goals in 292 appearances.
United are currently third in the Premier League, with two wins and one draw in their first three games.
It is difficult to imagine a bigger deal for a top player than that. Manchester United manager Erik ten Hag made it clear that Ronaldo would not leave until January. He only received one formal overture during the summer and turned down an offer from Saudi Arabia’s Al Hilal due to his desire to play in the UCL.
Ronaldo’s wages have been slashed by 25 per cent
Manchester United have reduced the wages of several players after failing to qualify for the Champions League. For example, Cristiano Ronaldo, who signed a new contract last season, will now earn PS360,000 a week, a 25 per cent cut from his previous PS480,000 wage. It is understood that he has asked to leave the club this summer, as a result.
The news has led to an outcry from the Portuguese star, who is upset at the decision and wants to play for a team battling for honours and the Champions League.
However, Manchester United are furious that the player is leaving so soon and without any contingency plan. While Manchester United have plenty of cash to spend elsewhere, they are not prepared to lose a top player like Ronaldo, even if he is unhappy with the new deal.
Ronaldo’s salary is a staggering PS500,000 per week
Manchester United revealed that Cristiano Ronaldo agreed to accept a pay cut in return for a move to Old Trafford. The Portuguese international is now paid PS385,000 a week, less than half the PS500,000 he earned at Juventus. Manchester City were also believed to be interested in signing the striker.
Ronaldo has been linked with a number of lucrative endorsement deals. His contract with Nike, for instance, is worth a reported $1 billion.
While Nike has not made public information about the year-to-year breakdown of the contract, many believe that the contract with Ronaldo is comparable to the one with LeBron James. In addition to his personal salary, Ronaldo is also reportedly raking in up to $45m in commercial fees each year.
Ronaldo wants to move on to pastures new
The Portuguese international has already made it clear he wants to leave Manchester United after submitting a transfer request at the start of the summer. The former Real Madrid star is unhappy with his current contract at Old Trafford and wants to play Champions League football.
However, Manchester United have not been very active in the transfer market this summer, with the exception of signing Casemiro for $82.3 million. While there have been rumors linking the club with a move for Ronaldo, the club has decided to keep its hands off the Portuguese superstar and has decided not to pursue it.
Reports suggest that Manchester United are willing to sell Cristiano Ronaldo for a certain fee, but the real reason for the move is the player’s desire to leave the club. After a trophyless season in which he scored a record-high 24 goals, he is now keen to find pastures new and move to a club with more ambition.
Ronaldo’s net worth
The Real Madrid former star is one of the richest footballers in the world and has numerous property holdings. Besides his luxurious New York City penthouse, he also has a PS4.8 million estate in Spain.
His house includes five bedrooms, his and her dressing rooms, a swimming pool, a jacuzzi, a gym and a cinema room. Ronaldo also owns several million dollar sports cars. He flies in his own Gulfstream G200 business aircraft.
Ronaldo has also invested in his own fashion brand, CR7. The brand was launched in October 2013 and has since expanded into a number of different products. He also invested PS54 million in the global hotel chain, Pestana Hotel Group.
The star also owns a seven-storey mansion in Funchal, Madeira. The construction of the mansion took four years and cost EUR8 million.