Ronny Angling for a New Deal Or…..?

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The news broke yesterday from one of the Football Index’s community’s favourite twitter journalists, Gianluca Di Marzio, that incredibly Real Madrid were willing to sell Cristiano Ronaldo (£8.90) to Serie A Champions, Juventus.

Now I know what you are all thinking, here we go again. I’d be inclined to agree with you as it’s fair to say that the Portuguese superstar has form in trying to engineer a move away from the Bernabeu only to then sign a new bumper deal with Los Blancos. Yet something seems very different here.

It’s been widely reported about the links between Real Madrid and Neymar (£13.38) and this has surely put CR7’s nose out of joint. It all smacks of Madrid looking to the future as Ronaldo is supposedly in the twilight of his career, now being 33 years of age, despite the reports about his supreme fitness. Add in the emergence of links with Neymar’s PSG teammate, Kylian Mbappe (£6.84) after his stellar performances over in Russia and change really does seem to be afoot for Florentino Perez.

The rumours yesterday centred around a deal being struck for just £88 Million which is significantly lower than the prices quoted in the past. This in particular is what really seems to have resonated with traders as it makes a move seem a whole lot more reasonable. As a consequence, Ronaldo’s price rose yesterday by £0.45 on the back of the breaking news – a rise of 5% in his share price. Throw in the £0.08 treble media dividends win for CR7 and it was a good day for his shareholders.

Today is another treble media day, will he dominate proceedings again and rise ever further back to his previous highs? Or is it all a smokescreen for a new deal? Only time will tell but it all means plenty of media interest for traders.


About Author

Introduced to Football INDEX while England were being dumped out of Euro 2016 by Iceland, Jim analyses the market in detail to help Traders enhance their portfolios.

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