International Football
Ronaldo faces $1B lawsuit
Portuguese football star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance.
The lawsuit filed in federal court in the Southern District of Florida Monday alleges that Ronaldo’s promotion of Binance was “deceptive and unlawful.” Binance’s partnership with high-profile figures like Ronaldo, the plaintiffs claim, led them into costly and unsafe investments.
“Evidence now reveals that Binance’s fraud was only able to reach such heights through the offer and sale of unregistered securities, with the willing help and assistance of some of the wealthiest, powerful and recognized organizations and celebrities across the globe—just like Defendant Ronaldo,” the suit reads.
Representatives for Ronaldo and Binance, the world’s largest cryptocurrency exchange, did not immediately return requests for comment from The Associated Press.
Ronaldo launched his inaugural NFT “CR7” collection with Binance in November of last year, ahead of the 2022 World Cup. The NFTs — which had starting prices ranging from the equivalent of about $77 to $10,000 — featured seven animated statues depicting Ronaldo from iconic moments in his life, from bicycle-kick goals to his childhood in Portugal.
Monday’s suit says that the promotional efforts of Ronaldo’s Binance partnership were “incredibly successful” — alleging a 500% increase in online searches using the keyword “Binance” after the football star’s NFTs was announced. The collection’s premium-level NFTs sold out within the first week, the suit claims.
Ronaldo has since continued to promote Binance on his official website and social media platforms. Most recently, on X (the platform formerly known as Twitter) Ronaldo reposted a Binance video and wrote that he was “Cooking something up” with the crypto exchange on Tuesday.
NFTs are ordinary digital images with an attached version number that have been added to a cryptocurrency blockchain, a process designed to make them “unique” collectibles. NFTs enjoyed a brief boom, but have since largely collapsed in value as the crypto industry has been marred by scandals and market meltdowns.
Over the summer, Binance was accused of operating as an unregistered securities exchange and violating a slew of U.S. securities laws in a lawsuit from regulators. The crypto exchange agreed last week to pay a roughly $4 billion settlement and its founder Changpeng Zhao stepped down as CEO and pleaded guilty to a felony related to his failure to prevent money laundering on the platform.
This week’s lawsuit against Ronaldo isn’t the first time that a celebrity has faced litigation over crypto promotions. Last year, a host of Hollywood and sports stars — including Larry David and Tom Brady — were named as defendants in a class-action suit against FTX, which was the second-largest crypto exchange before it collapsed in November 2022. The suit argued that the celebrities’ status made them culpable for promoting FTX’s failed business model.
Ronaldo is one of the most recognizable and wealthiest athletes in the world. He leads his home country Portugal’s national team and has played for the Spanish team Real Madrid, the Italian club Juventus, and Manchester United in England. He now plays for the Saudi Arabian professional team Al-Nassr.
–AP
Nigeria’s Super Eagles put up a spirited performance but were edged 2-1 by Portugal in an international friendly at the Estádio Dr. Magalhães Pessoa in Leiria on Wednesday night.
The match served as Portugal’s final tune-up ahead of the 2026 FIFA World Cup in North America and offered the Nigerians a chance to test themselves against one of Europe’s leading sides led by veteran captain Cristiano Ronaldo.
Portugal drew first blood in the 23rd minute when Pedro Neto broke the deadlock, firing past Nigerian goalkeeper Maduka Okoye after a lively opening period in which both teams created opportunities.
The Super Eagles responded positively and were rewarded eight minutes before halftime when striker Akor Adams found the equaliser. The goal capped an impressive Nigerian fightback and ensured the teams went into the break level at 1-1.
Ronaldo, making a rare appearance against Nigeria, started the match and remained on the pitch until the 67th minute. The 41-year-old was given a standing ovation by the home crowd when he was replaced by Gonçalo Ramos.
Portugal made several changes after the interval as coach Roberto Martinez rotated his squad in preparation for the World Cup. Despite the substitutions, the hosts continued to press for a winner.
Their persistence paid off in the 75th minute when Francisco Conceição struck the decisive goal, restoring Portugal’s lead and ultimately securing victory for the European side.
Nigeria battled to find another equaliser in the closing stages but Portugal’s defence held firm to preserve the 2-1 result.
The defeat means Portugal have now won both meetings between the two countries. Their first encounter came in Lisbon in November 2022, when the Portuguese recorded a convincing 4-0 victory in a pre-World Cup friendly.
While the result will disappoint Nigerian supporters, the Super Eagles can take encouragement from their resilient display against one of the teams widely tipped to make a strong impact at the World Cup. Akor Adams’ goal and Nigeria’s competitive showing against a star-studded Portuguese side provided positive signs as the team continues its rebuilding process under the national team set-up.
For Portugal, the victory provides a confidence boost as they head to North America, where they hope their talented midfield and experienced squad can propel them to a successful World Cup campaign.
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Portugal captain Cristiano Ronaldo will be in the starting line-up when the Selecao take on Nigeria in an international friendly match which kicks off in a few minutes tonight.
The 41-year-old forward, who remains a key figure in the Portuguese national team, has been named among the starters as Portugal continue preparations for upcoming competitive fixtures.
Ronaldo’s inclusion is expected to add further excitement to the encounter, with Nigerian fans eager to see one of football’s greatest players in action against the Super Eagles.
The match offers Nigeria another opportunity to test themselves against top European opposition, while Portugal will look to sharpen their squad ahead of future international assignments.
Kick-off is scheduled for later tonight, with both teams expected to field strong line-ups in what promises to be an entertaining contest.
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By Kunle Solaja
Nigeria’s Super Eagles and Portugal will meet for only the second time at the senior level when they clash in an international friendly in Leiria on Wednesday night.
The encounter comes under remarkably similar circumstances to their first meeting in November 2022, when Portugal defeated Nigeria 4-0 in Lisbon just days before the FIFA World Cup in Qatar.
Once again, Portugal are using Nigeria as their final warm-up match before the World Cup. Four years ago, the Portuguese selected the Super Eagles to prepare for a group-stage clash against Ghana, the team that denied Nigeria a place at Qatar 2022.
History appears to be repeating itself. This time, Portugal are preparing for a World Cup opening fixture against the Democratic Republic of Congo, another team that shattered Nigeria’s World Cup ambitions by eliminating the Super Eagles from the qualification race.
The match at the 29,000-capacity Estádio Dr Magalhães Pessoa offers Nigeria an opportunity to avenge the heavy defeat suffered four years ago and test themselves against one of Europe’s strongest sides.
Portugal coach Roberto Martinez has assembled a star-studded squad featuring five-time Ballon d’Or winner Cristiano Ronaldo, Bruno Fernandes, Bernardo Silva, Ruben Dias, Rafael Leão and João Félix.
The Portuguese head into the encounter unbeaten in their last four matches, having recorded victories over the United States and Chile while drawing with Mexico.
Nigeria, under coach Eric Chelle, have also enjoyed an impressive run. Since taking charge 15 months ago, the Franco-Malian tactician has overseen 24 matches and suffered only one defeat in regulation time.
With both teams carrying impressive recent records, Wednesday’s friendly promises to be far more competitive than the scoreline from their last meeting suggests.
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