Soccer-Saudi Arabia set to profit from Ronaldo move, says football finance expert

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(Reuters) - Cristiano Ronaldo's move to Al Nassr could lead to a financial windfall for his new club and Saudi Arabia, football finance expert Neil Joyce told Reuters, as the Portugal international gears up for his first game in the country since the deal was announced.

Ronaldo was named captain of Riyadh ST XI -- a team made up of Al Nassr and Al Hilal players -- for an exhibition match on Thursday against Lionel Messi's Paris St Germain.

"It’s well-publicised the growth of the Al Nassr fanbase after Ronaldo joined, they went from under a million fans to like eight million in a space of like 10 days," said Joyce, who is CEO & co-founder of CLV Group and advises clubs on how best to maximise their revenues through engagement with their global fanbases.

"He’s got a heavy following around celebrities, TV, entertainment and pop music, so, there are content opportunities for Saudi Arabia to almost be a hub for TV and entertainment. Also to promote the country as a destination." "It's more of a short-term hit that they can get with him. But also, if they want to become the next version of the MLS . Think back to Pele," Joyce added.

 

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