In one of the most extraordinary transfer sagas in recent history, Juventus are closing in on a club-record €100 million signing of Real Madrid and Portugal superstar Cristiano Ronaldo. The attacker has flirted with a move away from Los Blancos a number of times, but it now appears that he is closer than ever from parting ways with the Spainish outfit.
On Friday, Guardian reported that the Turin club were confident of securing a move for the Portugal capital. The report suggested that they have agreed a fee with Real Madrid and have also met Ronaldo’s personal salary demands which will see him move to the Serie A within the next few days. It is understood that he has put pen to paper on a four year contract with Juventus worth €30 million.
The player’s agent Jorge Mendes has gone on record to state that the player is looking for a new challenge and moving to Juventus does give the Portuguese exactly that as he’ll aim to guide them a Champions League title – something that has evaded them for the past several seasons.
Another reason why Ronaldo is open to leaving the club is because his relationships with president Florentino Perez now seem to be at an all time low. Due to his, the club have yet to offer the Portuguese a new contract and are now willing to let him go for a fee similar to what they paid for him when they signed him for Manchester United.
Whenever a transfer of this magnitude takes place, Financial Fair Play (FFP) concerns are often raised. Also, given Juventus’ reluctance to spend astronomical fares for players, a number of media outlets are speculating whether the transfer will be given the FFP green flag.
However, according to Sport, UEFA believe Juventus will not breach any FFP rules should they complete the said transfer of Ronaldo. The current guidelines to avoiding any sanction by UEFA is for clubs to only spend €5m more than they earn over a period of three years and that the club’s debt cannot be more than €30m per season.
Given Juve’s good run in the Champions League, they have already made 200 million in revenue over the last two seasons which will allow them to make big-money signings without any governing bodies having to investigate it, thus making the proposed transfer a lot simpler.