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Ronaldo is more than a footballer, he’s a multi-national business

Cristiano Ronaldo
 PARIS, Oct 6: With huge revenues, a colossal audience on social media, sponsors queuing up, and his brand on products from hotels to underwear, Cristiano Ronaldo has long been more than just a football player.

But CR7’s global brand may be tarnished by an accusation of rape in the United States, a complaint that dates back to 2009.

Ronaldo, “is truly a business offering a product, a service and a digital arm,” Jean-Philippe Danglade, author of “Marketing and Celebrities”, told AFP, pointing out that, in the player’s native Madeira there is a Ronaldo museum and airport named after him.

“In terms of the collective imagination, it’s really impressive.”

Forbes magazine estimated that Ronaldo made $108 million (93.7 million euros) in 2017: $61 million in salary and $47 million from endorsements. While that’s a jump in $15 million from the previous year, Ronaldo still dropped from first place to third.

Ronaldo’s great rival Lionel Messi moved to second, on $111 million, after signing a new contract at Barcelona that increased his salary from an estimated $50 million a year to a reported $86 million.

Boxer Floyd Mayweather soared into first place with $275 million, almost all of which came from a single bout against mixed martial arts fighter Conor McGregor.

At 33, Ronaldo reportedly accepted a slight wage cut in the summer when he moved from Real Madrid to Juventus, signing a contract worth a reported 30-31 million euros a year after tax.

Forbes calculated that this represents a drop in gross salary from the $66 million he would have earned, with bonuses, at Real, to $64 million at Juventus, where his contract reportedly includes no incentives and is entirely guaranteed.

Tax is another sensitive topic for Ronaldo, who agreed in June to pay 16.7 million euros in a legal settlement after he was caught neglecting to pay some Spanish taxes.

Ronaldo outstrips Messi in sponsorship, but the accusations against him have already made his main client anxious. His strongest links are with Nike, where he is in a “long-term-partnership.”

He has made his name a logo – ‘CR7’ – following the “jumpman” concept created by Nike in the late 1980S with another long-term partner Michael Jordan.

It is a template that has also worked for former Nike client Roger Federer, who is the top sponsorship earner on the Forbes list, and David Beckham.

Since the opening of his first underwear shop “CR7” in 2006 on Madeira, the man with perfect abs, who models his briefs in ads, has expanded the range with jeans, shoes and accessories.

At the end of 2015, he joined the hotel group Pestana to build five hotels (a sixth is planned in Paris) under the name “CR7”.

On arriving in Turin this summer, Ronaldo launched a new “CR7 Underwear” line with Italian garment company Yamamay.

“Because I’m rich, I’m beautiful, I’m a great player, people are jealous of me,” Ronaldo said in 2011.

For the sponsors, the five-time Ballon d’Or and top scorer in Champions League history, with 120 goals (and counting), is an attractive brand.

His 330 million total social media followers, more than any other sportsman, also helps draw sponsors.

Among his blue-chip backers have included French telecommunications company SFR, Swiss watchmaker Tag Heuer, game makers Konami and EA Sports, oil manufacturer Castrol and Emirates airline. – AFP

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