Ronaldo completes record transfer to Real Madrid

MADRID, (Reuters) – Manchester United winger  Cristiano Ronaldo completed his 80 million pound ($130 million)  world record transfer to Real Madrid yesterday, signing a  six-year deal with the Primera Liga club.
“Real Madrid and Manchester United have signed the final  agreement for the transfer of the rights of the player Cristiano  Ronaldo effective July 1,” Real said on their website  (www.realmadrid.com).

“The player will remain at Real Madrid for the next six  seasons and will be presented on July 6 at the Bernabeu  stadium,” the statement said.

Portugal international Ronaldo, the World Footballer of the  Year, becomes the third confirmed signing under new Real  president Florentino Perez, who has returned to the club  pledging to create a “spectacular sporting project”.

Perez spent around 67 million euros ($93 million) on AC  Milan’s Brazilian playmaker Kaka and has also brought in Spain  defender Raul Albiol from Valencia for a reported fee of 15  million euros. Real and Ronaldo’s representatives had been negotiating  personal terms since United announced this month they had  accepted the Madrid club’s offer.

There were no details of the agreement in the Real  statement. Spanish media have reported that Ronaldo will earn  around 13 million euros per season.