Real Madrid have officially signed Cristiano Ronaldo on a six-year contract from Manchester United in a deal worth a world record $NZ204 (STG80 million), the Spanish giants have announced.
The Portugal international is set to earn $NZ28million a year with Real, to become the world's highest-paid footballer.
A statement on the offical website of Real Madrid said: "Real Madrid CF and Manchester United have signed the definitive agreement for the transfer of Cristiano Ronaldo to the Spanish club on 1 July.
"The player will stay at Real Madrid for six seasons."
Ronaldo's deal will see him move ahead of current soccer salary king, Inter Milan striker Zlatan Ibrahimovic.
The 24-year-old had been on around $NZ24 million a year at Old Trafford.
Ronaldo will officially become a Real player on July 1 and is set to be unveiled by the nine-times European champions on Monday July 6.
