According to reports emanating from the Spanish press, Manchester United winger Cristiano Ronaldo has signed a pre-contract with Spanish and European powerhouse Real Madrid and would have to pay 20 million euros to the Blancos if he does not move to the Bernabeu in the summer.
It has been reported that Ronaldo had agreed on a pre-contract with the departed Real Madrid president Ramon Calderon. Catalan daily Sports states that according to the terms, Ronaldo would have to move to Madrid in the summer and if he does not, then he would be obliged to pay Madrid 20 million euros.
The Ronaldo-to-Madrid transfer circus has been going on for over two years now and reached its climax in the summer of 2008 when it was reported that he was on the verge of making the switch.