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Saudi Arabia’s love for soccer could cause ripple effects
Portuguese football star Cristiano Ronaldo poses for a photograph with the jersey soon after signing with Saudi Arabia’s Al-Nassr Soccer Club in Riyadh, Saudi Arabia on December 30, 2022. Al Nassr Soccer Club / Handout/Anadolu Company by means of Getty Pictures Soccer superstar Cristiano Ronaldo’s move to Saudi club Al-Nassr, and the kingdom’s growing investments in the activity, could have ripple consequences across Europe and the U.S., experts have advised CNBC. Ronaldo’s two-and-a-50 percent-calendar year agreement, reportedly worth up to 200 million euros ($212 million) per yr including professional agreements, will make the 37-calendar year-aged the maximum-compensated footballer in history, and the greatest-paid out athlete in the environment. For context,…