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La Liga 2016-17: Cristiano Ronaldo's new contract details revealed

Sumedh Pande
FEATURED WRITER
News
6.26K   //    09 Nov 2016, 16:10 IST
MADRID, SPAIN - NOVEMBER 07:  Cristiano Ronaldo of Real Madrid embraces club President Florentino Perez  following his press conference after signing a new five-year contract with the Spanish club at the Santiago Bernabeu stadium on November 7, 2016 in Madrid, Spain.  (Photo by Denis Doyle/Getty Images)
Cristiano Ronaldo with Florentino Perez after signing a new deal which will see him with Real until 2021

Real Madrid supporters were on cloud nine lately as Cristiano Ronaldo signed a new deal to stay at the Bernabeu until his 36th birthday if he stays with the Los Blancos to complete his contract. The contract runs through 2021 and puts to bed every rumour that has been speculated over his future. In the new deal, Real Madrid have revealed the financial details which will see Cristiano Ronaldo earn a whopping figure.

Ronaldo's previous deal was set to expire at the end of the 2017-18 season but now he has expressed desire to end his playing career with the Los Blancos. Ronaldo’s annual compensation from salary and bonuses is expected to be similar to his earlier contract at more than $50 million a year before taxes. If he stays with Real Madrid till 2021, Ronaldo will complete 12 years with the giants of world football.

The Portuguese superstar is set to pocket a stunning sum of £365,000 per week which is similar to his previous contract. This news comes just after the renewal of Gareth Bale's contract as the Welshman also signed an extension till 2022 and will earn more than $40 million annually before taxes.

Ronaldo was crowned the top-earning athlete in the world in June with total earnings of $88 million, including salary and bonuses of $56 million according to Forbes. The Portuguese also earns a cool $32 million per year from endorsements with his partners including the likes of Tag Heuer, Herbalife, Pokerstars, Clear Shampoo and many more. He has his own line of suits, cologne, shirts, shoes, underwear and hotels under construction under the CR7 brand, which is famous all over the world.

In a press conference after signing a new deal, Ronaldo was in a buoyant mood as he said, “Who knows what the future holds. Of course, I would like to end my career at this club. This is my penultimate contract. I want to be here for many years to come. I’m overjoyed.” He also said that he wants to continue playing at the highest level for the next 10 years.

Ronaldo continued, “For sure I will do the same as before, give everything to win trophies, and score goals. So thanks to everyone, my family, the people who work with me every day, and Real Madrid. Many thanks.”

During his stay with Real, the 31-year-old has scored a staggering 372 goals in 360 matches for the reigning European champions. However, Ronaldo is currently experiencing a slight slump in his form as he has not scored in his last five games at the Bernabeu.

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Sumedh Pande
FEATURED WRITER
An avid Premier League watcher with specialization in transfer news and post match analysis. Follow European and Indian football with minute attention with one eye on the world of cricket.
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