Cristiano Ronaldo Getting More Expensive Daily!

The economy is benefiting Manchester United in the transfer of Cristiano Ronaldo to Real Madrid! Who would have thought that accepting an offer for Ronaldo would actually become more beneficial by the day? The day the pound hit its highest level against the euro for six months, Manchester United finally said "Yes" to Real's offer. Amazingly, until the paperwork is signed and sealed every rise will cost the Spanish club more money.

Let's look at the numbers: 1 pound reached 1.17 euros on Thursday, in January it was 1.07. Experts have calculated that for every cent the euro falls, Real Madrid will owe an extra one million euros. Are you kidding me!? For every small change on the stock market, Madrid will owe an extra one million. The teams have currently agreed on £80million, this number would have equaled €83 million in January. This was when the pound was much weaker, but at today’s exchange rate, the same sterling amount will cost Real Madrid €93 million.

Mark O’Sullivan, who works as director of dealing at Currencies Direct in the UK, stated, “While the Ronaldo deal is good news for Real Madrid supporters, the accountants at the Bernabeu stadium will be sweating until the paperwork is all signed and sealed. Ronaldo’s price in January 09 was 83 million euros, today it is 93 million euros and rising and this will have a tremendous impact on Real Madrid’s plans to amortise this investment."

It is amazing how we don't think of these things when we hear about transfers. “This deal highlights the fact that the final price of a player like Ronaldo is very much decided by the currency markets and not always in the board rooms of football clubs - though who would put it past a canny Scot like Sir Alex Ferguson to take all this into consideration too!” Mr. O’Sullivan added. Add to this the fact that a lot of teams pay in installments with interest and the fee increases even more! There is no doubt that Manchester United fans will be sad to see Ronaldo leave and will hope that he somehow stays at the club. Technically, they should be hoping the transfer drags on another few weeks so that the transfer fee increases even more!