Juventus have announced the transfer of Cristiano Ronaldo to Manchester United in a deal worth up to €23m.
The Portugal legend had made it clear to the Serie A side that he wanted to leave the club this summer and, after being close to a move to Man City, the red half of Manchester stepped in to hijack the deal and bring their club legend back to Old Trafford.
Ronaldo underwent a medical over the weekend in Lisbon and has put pen to paper on a two-year deal with the club, with the option of a third deal.
Juventus have officially confirmed the deal now, releasing a statement declaring the details of the deal including the final fee.
It said: “Juventus Football Club S.p.A. announces that an agreement with Manchester United FC Ltd for the definitive disposal of the registration rights of the player Dos Santos Aveiro Cristiano Ronaldo has been reached for a consideration of € 15.0 million payable in five financial years, which might be increased, up to a maximum of €8.0 million, upon achievement of specific performance objectives over the duration of the employment contract with the player.
“This operation generates a negative economic impact of approximately € 14.0 million on the 2020/2021 financial year due to the partial write-down of the net book value of the player’s registration rights.”
Ronaldo is expected to make his second debut for the club on September 11th against Newcastle after the international break, where Portugal will face Ireland, Qatar and Azerbaijan.