Cristiano Ronaldo celebrates after scoring a goal against Morocco. (Source: PTI)

Real Madrid Has Agreed to Transfer Cristiano Ronaldo to Juventus

(Bloomberg) -- Spanish soccer giant Real Madrid Football Club agreed to transfer five-time Ballon d’Or winner Cristiano Ronaldo to Juventus Football Club SpA following a request from the player to leave. Speculation of a deal had sent the Italian club’s stock soaring over the past week.

Juventus will pay 100 million euros ($117.3 million) and another 12 million euros in additional fees to sign the player on a four-year contract, it said in a statement. Juventus didn’t disclose terms of Ronaldo’s contract.

“The right moment to open a new chapter in my life has arrived,” the 33-year-old said in a letter to fans posted on the Real Madrid website. Real “will always be his home” and the record goal-scorer will remain a great symbol of the club for future generations, Real Madrid commented in a statement.

Ronaldo scored 451 goals in 438 games since he joined in 2009, helping the club to win four Champions League titles, and La Liga, Spain’s top soccer division, twice.

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The fee tops the 80 million pounds ($106.1 million) Real Madrid paid Manchester United for the Portuguese star, and while it could be deemed high for a player entering latter stages of their career, Ronaldo’s marketing power means the deal is a coup for Juventus.

The Turin team that’s controlled by Italy’s Agnelli family -- the biggest investors in carmaker Fiat Chrysler Automobiles NV -- has won a record seven consecutive Serie A championships. The club’s share price has risen about 35 percent since talk of a deal first surfaced last week.

Also the UEFA Champions League’s all-time top scorer, Ronaldo earned $61 million dollars in salary and bonuses last year, plus an extra $47 million via endorsements, according to Forbes, making him the third-highest paid athlete in the world behind FC Barcelona star Lionel Messi and American boxer Floyd Mayweather.

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