Football superstar Cristiano Ronaldo has made a major move into the media industry by acquiring Cofina Media, a prominent Portuguese media group.
The acquisition was facilitated through Expressao Livre, where Ronaldo is part of a consortium of investors. Known for his exceptional football career, Ronaldo also diversifies his investments, owning restaurants, a hair transplant clinic, watches, and hotels with a combined worth exceeding £409 million.
Interestingly, Ronaldo’s purchase of Cofina Media, which owns several key Portuguese newspapers like Correio da Manha, Record, and Jornal de Negocios, comes after his previous conflicts with the group.
Notably, Ronaldo had legal disputes with Correio da Manha over privacy issues and once threw a microphone into a lake belonging to a CMTV reporter, sparking controversy before Euro 2016, which Portugal won.
In a gesture to mend past tensions and start afresh, Ronaldo has awarded bonuses of over £1,000 to the staff members of Cofina Media. He expressed gratitude for their hard work and conveyed his enthusiasm for fostering a positive relationship moving forward.
Ronaldo’s actions reflect his desire to reshape his interaction with the media group and potentially influence the media landscape in Portugal.