Cristiano Ronaldo To Sign New 5-Year Deal With Madrid

Cristiano Ronaldo To Sign New 5-Year Deal With Madrid

Cristiano Ronaldo looks set to retire at Real Madrid after agreeing a bumper new five-year contract to be signed on Monday that ties him to the Spanish giants until 2021, AFP reports.

“The official event for the renewal of Cristiano Ronaldo’s contract will take place on  Monday  at the Santiago Bernabeu stadium,” Madrid said in a statement on Sunday.

Ronaldo, 31, follows in the footsteps of Gareth Bale, Luka Modric and Toni Kroos as the latest Real star to agree a contract extension in recent weeks as the club prepares to serve a one-year transfer ban imposed by FIFA.

According to UK media reports Bale’s lucrative new six-year deal will earn the Welshman as much as £600,000 ($750,000) a week before tax.

However, Ronaldo, whose previous deal expired in 2018 is expected to remain the highest earner at the Santiago Bernabeu.

Ronaldo is already the world’s highest paid sportsman according to American magazine Forbes, raking in $88m between his salary and endorsements in 2016.