Cristiano Ronaldo knows how to handle adverse situations. Recently, the soccer legend faced a heavy blow as he was hit with an unthinkable $1 billion lawsuit. The Al-Nassr star is undoubtedly the favorite of the top brands in the world, as he is one of the most marketable faces on earth. But, the same persona has backfired on CR7, as he is facing legal troubles in the United States of America for promoting the Binance crypto firm. To address the situation and maintain safety, the Portuguese star opts for a defensive strategy!

Reports say that Ronaldo has appointed a new strategic advisor to help him deal with investments not related to soccer. Now let’s dive deeper and find out more about CR7’s decision.

Cristiano Ronaldo hires new strategic consultant

As per ‘Record’, UEFA President’s advisor Tiago Craveiro has been appointed a strategic consultant for CR7 SA. Notably, CR7 SA is the Portuguese superstar’s holding company based in Lisbon. This organization looks after Ronaldo’s holdings in various companies, including Expressao Livre, which recently bought Cofina Media.

The soccer legend met Craveiro back in 2012 through Selecao. Presently, he will focus on the star’s various establishments and give consultation on urgent matters. It includes Ronaldo’s association with the media and his new projects. At the same time, he will remain a strategic advisor to the UEFA president, Aleksander Ceferin.

Ronaldo’s decision followed after the $1 billion lawsuit, which arose before his critical clash with Al Hilal. While Ronaldo was embroiled in legal troubles, his team lost the match 3-0. It was an enormous setback for the soccer legend and his team, but now Ronaldo is more focused on getting out of the lawsuit.

The unexpected blow faced by the soccer legend

Ronaldo will face a hearing in the United States District Court for the Southern District of Florida. Unfortunately, this could further complicate his plans to join the MLS. Things became troublesome for the Portuguese superstar after he promoted cryptocurrencies, including unregistered securities that could put the masses in trouble. 

READ MORE: Sued For $1 Billion, Cristiano Ronaldo Called For ‘Trust’ in Crypto Giant Binance Months Back

According to the case, “Ronaldo’s promotions solicited or helped Binance solicit investments in unregistered securities, encouraging his millions of followers.” They already charged the company that Ronaldo promoted with money laundering crimes and bank fraud. These issues are indeed giving Ronaldo a hard time, so he decided to seek expert advice.

What are your thoughts about Ronaldo’s new decision to hire a strategic advisor? Let us know your thoughts in the comments below.

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