Juventus confirm financial details as Pele hails Ronaldo

Juventus have confirmed the financial details of the Cristiano Ronaldo transfer even as football great, Pele, hails him for taking up a new challenge.

The breakdown of deal has €100m as the transfer fee, plus €12m in add-ons which will be paid over two years. The contract has been drawn to June 2022 and he is on a weekly wage of £500k, @juventusfc has revealed.

On Wednesday Pele said Cristiano Ronaldo’s decision to end a nine-year Real Madrid stay to sign for Juventus is the right move.

Ronaldo agreed a four-year deal with the Serie A champions to complete a €100 million (£88m/$117m) transfer from Madrid on Tuesday.

The Portugal captain said he wants to start a “new cycle” in his career at the age of 33, having won four Champions League titles in the past five years at Madrid.

And Pele, who spent 18 years at Santos before ending his career with New York Cosmos, understands Ronaldo’s decision.

The Brazil icon wrote on Twitter, “Congratulations, Cristiano. It was hard to join another side after so long at Santos but it was the right move. Champions never tire of new challenges.”

If Ronaldo wins the League with Juventus this season, he will become the very first player to win league titles in Italy, Spain and England.