More news
after
before

Buy-out clauses obligatory in Spain
Ronaldo's buy-out clause set at US$1.4 billion

image
Foto Noticia
Portuguese football striker Cristiano Ronaldo is the most expensive player in the history.

Spanish sports newspaper Marca today announced that Portuguese striker Cristiano Ronaldo is about to break another record in the history of soccer. According to the local paper, the buy-out clause of his contract with Spanish soccer club Real Madrid will be set at one billion euros (US$ 1.4 billion).

"This is an anti-sheikh number (sic)," Marca reported. "Florentino Perez (Real Madrid president) wants to avoid another team to be able to buy the player out during his six years of contract." A billion euros is equivalent to the total of transfer fees for the last 66 players Madrid bought. Buy-out clauses are obligatory in Spain.

Real Madrid will pay a 94 million euros (US$ 132 million) transfer fee to UK Manchester United for Ronaldo, the most expensive in the history of soccer. The Portuguese player will be paid 9 million euros yearly, after tax (US$ 12.7 million). The contract is expected to be signed by both parts (club and player) in the coming days.

 



Vote
 
Smaller
smaller
|Larger
larger
Send
send
Print
print
Comments
0 Comments
smaller
Login

User
Password

Remember me on this computer
Forgot your password?

Director Orlando Vignatti - Esta publicación es propiedad de NEFIR S.A. - Tel: 4349-1500 - Paseo Colón 1196