“Definitely Paid Way Too Much” – Months Before $200 Million Al Nassr Deal, Cristiano Ronaldo Was Forced to Sell His Trump Tower New York Condo With Nearly $11 Million Loss

Over the years, Cristiano Ronaldo has earned a lot of wealth, fame, and success. The player has enjoyed a stellar career and established quite a name for himself. Aside from being a prolific soccer player, the 38-year-old has become quite a global brand around the world.

All his fame and success have opened a lot of doors to earn him significant affluence. In fact, the player recently gave a boost to his net worth after striking a $200 million deal with his new club, Al Nassr.

Even before signing the deal, he had significantly grown his bank account. He had also accumulated many assets and continues to live a lavish lifestyle. However, the player actually faced a major loss last year.

Cristiano Ronaldo once faced a loss with his Manhattan condo

The world hasn’t been left in the dark about Ronaldo’s lavish lifestyle, as he and his family have never been shy about spending. But it seems that might have cost the player a bit when he bought a condo in Trump Tower. The Portuguese have owned a lot of properties over the years, and this condo has been one of them.

However, that asset caused him a huge loss as during his time at United, the player sold the condo for a massive loss. Ronaldo had bought the property back in 2015 for a whopping $18.5 million. The skipper fell in love with the three-bedroom, high-floor loft that had stunning Central Park views.

And the player sold the property for just $7.18 million, thus enduring a loss of $11.32 million. One luxury real estate specialist, Dolly Lenz, had her say on the poor deal. “He definitely paid way too much. So that answers part of the question as to what the loss is,” he said.

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Lenz said the pandemic played a huge role as retailers couldn’t show the property. “Then, the perfect storm of COVID and bad luck,” added the CEO and founder of Dolly Lenz Real Estate. Yet this still doesn’t answer why he endured such losses, given the fact he could have sold the condo a few years later.

Why did he sell at such a loss?

Initially, Ronaldo listed the aerie for just under $9 million in 2019, but due to the pandemic, the price dropped to $7.99 million in 2020. This dampened the housing market and the inherited buyers as well. However, there was more to why the player sold the property at such a huge loss.

During Trump’s presidency, the Trump Towers became quite controversial. Many owners started moving out of the building. Some fans even urged Ronaldo to move out of the condo, as they had also started a petition. But according to the property expert, Jenny Lenz, there was another reason, aside from the bad politics.

According to Dolly Lenz’s partner, there were many logistics and hassles involved while touring with the interested buyers. “You have to go through airport-style security,” she said. “That makes people uncomfortable. You had to go through all that to see an apartment.”

“He could afford to be done. Sometimes the headache isn’t worth it,” Dolly added. Perhaps that’s why the striker sold the property without even having second thoughts, regardless of the financial losses. Either way, this loss won’t affect Ronaldo now, as the player earns more than $11 million in just under a month.

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