After conquering soccer, Cristiano Ronaldo now wants to develop another sport in Portugal. While it’s hard to imagine Ronaldo playing any other sport than soccer, the Portuguese skipper also enjoys playing Padel. He was spotted playing the game during a promotional event a few months ago in Singapore. Most recently, he’s decided to invest 1% of his net worth in the development of Padel.
As per reports, Cristiano Ronaldo invested around $5.3 million to help Padel grow in Portugal. Padel, which is a sport that consists of elements from both tennis and squash, has seen a rising increase in its popularity. Being a fan of the sport himself, the Al-Nassr star wants his country to become a powerhouse in Padel. The Portuguese Padel federation head profusely thanked Ronaldo for his generous contribution.
🚨Cristiano Ronaldo invests 5 million euros in a project to build new padel courts in Portugal.
Portuguese Padel Federation President:
“It’s a dream and it is a great honor to be able to do it alongside the greatest figure in the history of world sports, Cristiano.” pic.twitter.com/cg53yIWjqA
— CristianoXtra (@CristianoXtra_) September 12, 2023
The FFP head said, “The City of Padel is an old dream, which I always hoped to achieve. And it is an immense pride to be able to do it alongside someone who, for me, is the greatest figure in the history of world sport, Cristiano Ronaldo.” The head further stated that he’s confident that Portugal will become a name to be reckoned with in the world of Padel.
Padel, which started developing Portugal in the late 90s, has currently around 100,000 regular practitioners across the country. However, the European country is yet to win the Padel World Cup. In the 2018 edition of the Padel World Cup, Portugal had its best-ever finish, with its men’s team reaching 5th place while the women’s team came 3rd. Although the women’s team did become European Champions back in 2015 (via FFP).
Cristiano Ronaldo’s other notable investments
Cristiano Ronaldo, who’s one of the richest athletes in the world, has a huge investment portfolio. The 38-year-old, whose net worth is around $500 million, has invested in various notable brands and companies. He has his own signature perfume brand CR7 Fragrances, his footwear, denimwear, and underwear brands. Ronaldo also owns several gyms across Spain and Portugal under the name of CR7 Fitness.
The former Manchester United star also invested in the Portuguese hotel chain Pestana back in 2017. Since Ronaldo’s investment, the hotel chain has been rebranded to Pestana CR7. He also owns a majority stake in the Portuguese sports digital venture Think Pink, which is currently known as 7EGEND.
Back in 2019, Cristiano Ronaldo launched his hair transplant clinic in Spain called Insparya. Ronaldo, who owns half of Insparya’s Madrid branch, wants to improve people’s self-esteem through hair transplants. He pointed that out several people are affected by Alopecia, a disease that causes hair loss. Ronaldo stated that he doesn’t want people to feel ashamed for seeking help from his hair transplant clinic.
Cristiano Ronaldo is the new ambassador of the watch company Chrono24. ⌚🔥 pic.twitter.com/6LZbpiBbaD
— TCR. (@TeamCRonaldo) July 12, 2023
Most recently, Cristiano Ronaldo invested in Chrono24, an online marketplace for luxury watches. Ronaldo, who’s a huge aficionado of luxury watches, revealed that he’s thrilled to team up with Chrono24. However, the exact financials of Ronaldo’s deal with Chrono24 haven’t been revealed to the public.
