Football star, Cristiano Ronaldo, signs a two-year contract extension with Al-Nassr, adding to his age-defying career at 40.
Cristiano Ronaldo Inks Record-Breaking Deal with Al-Nassr
Football superstar Cristiano Ronaldo has signed a groundbreaking contract with Saudi Arabian club Al-Nassr, making him one of the highest-paid athletes globally. The deal, reportedly worth around $700 million over approximately two years, includes a base salary of about $244 million annually plus bonuses and additional perks.
The contract, which started late in 2022, will see Ronaldo earn €500,000 per day, equating to €534,170 daily. This colossal income means that he will earn approximately €22,290 per hour and €3.7 million per week.
The figures associated with the deal are mind-boggling, making it the biggest in sports history by value and scope. The contract redefines athlete contracts in football and sports generally, raising the bar for future deals.
Ronaldo, who is 40 years old, remains unstoppable despite his age. He aims to win titles, improve Al-Nassr, enhance the Saudi Pro League, and change the culture. In the Netflix doc "Saudi Pro League: Kickoff", Ronaldo stated that he is "here to win".
The impact of Ronaldo's signing has been substantial. His arrival has elevated the league's global profile, attracting international attention and top talent with lucrative contracts. Al-Nassr, by securing Ronaldo and pursuing other high-profile players, signals a growing ambition to compete at a higher level, not just regionally but worldwide.
The contract also includes significant non-salary benefits like private jet credits, a 16-member personal staff, a $33.6 million signing bonus, a 15% ownership stake in Al-Nassr, and around $82 million in sponsorship deals with Saudi brands.
While the exact net worth figures vary, this contract alone significantly boosts Ronaldo's annual earnings, adding approximately $244 million per year before bonuses. Considering his previous wealth, endorsements, and investments, his total net worth now is estimated to have grown significantly into the high hundreds of millions or more, with this deal playing a major role.
Despite the massive income, money was not the main reason for Ronaldo's move to Saudi Arabia. He mentioned that the friendly Saudi people and the opportunity to grow football in the region were more important to him. His family will accompany him, and he is expected to play another two years in the Saudi Pro League.
This new income will further boost Ronaldo's estimated net worth to $800 million. However, the full details of the contract have not been disclosed. Despite this, it is clear that this deal marks a new era in sports contracts and cements Ronaldo's position as one of the greatest footballers of all time.
The massive earnings from Ronaldo's contract with Al-Nassr, estimated at around $244 million annually, will significantly contribute to his net worth, pushing it towards the high hundreds of millions. With this deal, Ronaldo continues to make history in European leagues and sports, becoming one of the highest-earning sports personalities in football.
