Nike banks on Ronaldo

Nike will pay Real Madrid star Cristiano Ronaldo a reported $A9.1 million per year until 2014 under a new sponsorship deal.

Ronaldo_090921_B_getty_77736536
Nike will pay Real Madrid star Cristiano Ronaldo $A9.1 million per year until 2014 under a new sponsorship deal it has reached with the Portuguese winger, sports daily Marca has reported.

The 25-year-old earned $A6.82 million under his previous contract with the world's largest sporting goods maker, the newspaper said.

While the new deal makes Ronaldo the best paid footballer of those which Nike sponsors, the amount he makes is still lower than that dished out to other athletes, such as basketball stars Kobe Bryant and LeBron James of the NBA.

Bryant, who plays for the LA Lakers, earns $A11.37 million a year while James, who plays for Cleveland, earns $A13.64 million per year, according to Marca.

The paper said the US sportswear maker stepped up its negotiations with Ronaldo in the face of attempts by its German rival Adidas to lure him away.

Ronaldo, who took part in a Nike promotional event in London on Wednesday, became the world's most expensive footballer when he was transferred from Manchester United to Real in 2008 for $A142.5 million.


Share

1 min read

Published

Updated

Source: AFP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world