In a deal that redefines the benchmarks of football finance, Cristiano Ronaldo has secured a staggering new contract with Saudi Arabian club Al-Nassr. The Portuguese superstar’s move to the Saudi Pro League has been making headlines for months, but the sheer scale of his new deal is only now coming to light. According to sources, Ronaldo is set to earn an unprecedented €550,000 per day and also become a part owner, cementing his status as one of the highest-paid athletes on the planet. As the football world struggles to comprehend the enormity of this deal, one thing is clear: Ronaldo’s move to Al-Nassr has forever altered the landscape of football finance.

According to Marca, Ronaldo’s new contract ensures the forward earns €183 million (£154m/$188m) annually, equivalent to €15 million (£12.6m/$15m) per month or €3.8 million per week, which will establish his position as the highest-paid footballer in the world.

The financial incentives, however, are only part of the package as Al-Nassr have also offered Ronaldo a minority ownership stake of five per cent, which signifies their confidence in his leadership and commitment to the team.

Recent structural changes at Al-Nassr, including the appointment of a new CEO and president, indicate the club’s ambition to grow under Ronaldo’s influence.

His attitude and dedication have been widely praised by Al-Nassr officials since he joined the club and the fresh deal is a testimony to their unwavering confidence in the player. Another factor influencing Ronaldo’s decision to renew his contract is the club’s commitment to building a stronger team which will help the team compete with the likes of Al-Ittihad and Al-Hilal in the Saudi Pro League.

Reports suggest Ronaldo is keen to play alongside players whom he trusts, and one notable name being linked is Casemiro. The Brazilian midfielder, currently facing challenges at Manchester United, could potentially reunite with Ronaldo, marking the third time the duo has shared a dressing room, following their glittering years at Real Madrid and a brief spell at Old Trafford.

It will be interesting to see when the contract is announced. Ronaldo’s next opportunity to make an impact on the pitch will come on Thursday, as Al-Nassr faces Al-Taawoun in a Saudi Pro League fixture.