Football: Cristiano Ronaldo to earn more than $1 million a week, says Telegraph

Cristiano Ronaldo is expected to play his first game of the season against Newcastle on Sept 11. PHOTO: REUTERS

LONDON (BLOOMBERG) - Cristiano Ronaldo will earn more than £560,000 (S$1.03 million) a week as part of his two-year contract with Manchester United, Telegraph Sport reported on Sunday (Aug 29), without saying where it got the information.

The English football club announced an agreement with Juventus Football Club SpA to acquire the Portuguese star on Friday.

The deal is worth as much as £19.7 million and ends earlier attempts by rival club Manchester City to recruit the player, the newspaper reported.

Manchester United will pay Juventus an initial £12.85 million with a further £6.85 million in add-ons for Ronaldo, depending on the club and player's performance.

His return to Manchester United comes about 12 years after he left the team to play for Spanish powerhouses Real Madrid.

The deal sent shares of Manchester United 5.8 per cent higher in New York trading on Friday, after the club confirmed his transfer, pending agreement of personal terms, visa and medical check.

Ronaldo is expected to play his first game of the season against Newcastle on Sept 11. He scored 118 goals in 292 matches for Manchester United when he last played for the club.

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