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HomeSportRonaldo to earn EUR 400 million in Saudi Arabia — club source

Ronaldo to earn EUR 400 million in Saudi Arabia — club source

Footballer Cristiano Ronaldo will earn EUR 200 million to advertise Saudi Arabia’s joint 2030 World Cup bid along with his membership wage, a supply near his membership instructed AFP on Monday.

The Portuguese famous person, 37, unveiled to 1000’s of Al Nassr followers in Riyadh final week, is by far essentially the most well-known participant to signal for a membership in Saudi or another Gulf nation. The oil-rich kingdom, together with Egypt and Greece, is contemplating a bid to host world soccer’s 2030 showpiece event, and Ronaldo’s ambassadorial position will convey his reported earnings within the nation to over EUR 400 million (USD 428 million).

“Ronaldo might be paid greater than EUR 200 million (USD 214 million) for the deal,” stated the supply, with data of the deal however who requested anonymity.

“He might be an envoy for the Saudi World Cup 2030 bid for an additional 200 million.”

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The arrival of the previous Manchester United, Actual Madrid and Juventus participant got here simply weeks after neighbouring Qatar grew to become the primary Arab nation to host the World Cup.

The five-time Ballon d’Or winner, who has additionally received the Champions League 5 instances and holds that event’s goal-scoring document, is predicted to make his Al Nassr debut on January 22. The deal was backed by senior royals who assist Al Nassr, together with Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman — broadly referred to as “MBS” — the supply stated.

‘Worldwide highlight’

“MBS (and his brothers) Naif, Turki and Rakan, the sons of King Salman, are all honorary members of Al Nassr since earlier than their father even turn into the crown prince,” the supply stated.

“They wished to grant their beloved membership supremacy and put it within the worldwide highlight. The easiest way was to convey the very best participant on this planet.”

The deal has been financed by the conservative kingdom’s sovereign wealth fund, the Public Funding Fund (PIF), the supply added. “Al Nassr and the opposite Saudi golf equipment don’t have this big fund for such an enormous deal. It’s PIF that secured the cost,” the supply stated.

Lately the PIF has undertaken different high-profile sporting ventures, together with the acquisition of a majority stake in English Premier League membership Newcastle United. It has additionally bankrolled the profitable LIV Golf League, which has break up the elite golf world by luring away prime stars from the US PGA Tour and DP World Tour.

In response to one other supply near Al Nassr, it was the princes who put the shock Ronaldo deal in movement. “It’s MBS’s brothers who urged and sought to seal the deal at any worth,” he stated.

“They’re all Al Nassr followers and so they wished to show their staff actually is the Worldwide,” the supply added, referring to Al Nassr’s nickname.

Al Nassr has 9 Saudi league titles however has by no means received the Asian Champions League, not like four-time winner Al Hilal and Al Ittihad who’ve lifted the trophy twice.

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