Soccer superstar Cristiano Ronaldo’s move to Saudi club Al-Nassr, and the Kingdom’s growing investments in the sport, could have ripple effects across Europe and the U.S.
The news of Ronaldo’s signing Friday follows months of rumors and speculation as to whether he would join a Saudi team offering a lucrative contract.
Brazilian soccer icon Pelé has died at age 82, his daughter announced.
The owners of both clubs said in November they would explore sale options. Financial pressures and investor interest explain why.
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