Ronaldo and his Saudi club side Al Nassr made the new deal official via social media, putting an end to rumours he could sign elsewhere.
Cristiano Ronaldo inked a two-year extension with Saudi Arabia’s Al Nassr, the club announced, following weeks of speculation over which team he would sign for next season.
“Cristiano Ronaldo is staying at @AlNassrFC until 2027,” the club wrote in a post on X on Thursday.
Minutes before the official confirmation, the team posted a teaser video, with the 40-year-old Ronaldo walking along a beachfront and saying: “Al Nassr forever.”
The Portuguese superstar arrived in 2023 in the kingdom to play with the club, heralding a rush of players in the latter stages of their careers to the oil-rich country.
Last month, Ronaldo posted “This chapter is over” hours after the Saudi Pro League wrapped up with Al Nassr finishing third and trophy-less once again.
“Ronaldo’s presence is a key factor in developing the Saudi league in the last two years and a half. He opens the door for elite and young players to come to Saudi Arabia,” a source from the Public Investment Fund (PIF), a major investor in Saudi football, told AFP last month.
The oil-funded PIF, the sovereign wealth fund behind a number of big-ticket Saudi investments, controls a group of Pro League clubs including Al Nassr, Al Hilal and Al Ahli.
Ronaldo’s announcement in May came just months after Brazilian star Neymar ended his injury-plagued 18-month stay in January, after playing just seven times for Al Hilal – on a reported salary of about $104m a year.
Saudi Arabia has shaken up football by spending heavily on stars from Europe, starting with Ronaldo’s move in late 2022, and the desert nation will host the World Cup in 2034.
For the past two years, Saudi football fans could watch the likes of Ronaldo and Karim Benzema, with six Ballons d’Or between them, on any given weekend during the football season in the kingdom.
However, the oil-fuelled Saudi football project has drawn comparisons with the Chinese Super League, which imported players on exorbitant salaries until team owners went bust as the Chinese economy fizzled.
But with Saudi Arabia set to host the 2034 World Cup, and desperate to re-model itself as a tourism and business magnet before global oil demand falls for good, there is probably more to come from the Pro League.
Ronaldo appeared to trade an end-of-career payday for football obscurity when he first moved to Riyadh’s Al Nassr two years ago in a deal said to be worth $250m at the time.
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