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
International Football
BREAKING – Video: Osimhen accepts to join Galatasaray
![](https://sportsvillagesquare.com/wp-content/uploads/2024/09/osimhen-jubilates.jpg)
At last, Nigeria’s striker Victor Osimhen is out of the limbo. He has accepted to join Galatasaray on loan.
He is now asking for a release clause at Napoli to become €75m instead of €130m
He also wants a break clause for January in case top clubs approach him over move.
The final points are being discussed. He has been videoed celebrating with the Turkey club’s fans.
International Football
Uruguay striker Suarez to play last international match on Friday
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Uruguay striker Luis Suarez announced his international retirement on Monday, ending a 17-year career with his national team as their top scorer with 69 goals.
The 37-year-old, who has 142 caps for his country, made his international debut in 2007 and was key in the squad that reached the semi-finals of the 2010 World Cup and won the Copa America a year later.
“Friday will be my last match with my country’s national team,” an emotional Suarez told a press conference.
“The fact that is my decision to retire and that I’m not retired because of injuries or that they stop calling me for one thing or another, that gives me a lot of comfort, it helps me individually.
“It’s difficult but it gives me peace of mind that until the last game I have given my all, and that flame has not been extinguished little by little,” the striker added.
Uruguay take on Paraguay at the Centenario stadium in Montevideo on Friday in the South American qualifiers for the 2026 World Cup before facing Venezuela four days later.
Suarez scored the stoppage-time goal against Canada that secured third place at the Copa America in July and the striker added that one of his aims was to show he could continue to contribute to the national team.
“My dream was for my children to see me win something important with the national team … that last goal was very nice for them and even though it wasn’t a trophy to take home, it was very nice for them,” he said.
“I wanted to show people again that I can continue to contribute to the national team and, well, I had the Copa America and yes, I could have done it (retired) perfectly after that, but having analysed the situation, I want to do it with my people, in my stadium.
“I want my children to live this experience. Saying goodbye with the people here is something that I don’t know if many have done.”
Suarez has already said Inter Miami will be his last club after joining the Major League Soccer side last year to reunite with former Barcelona teammates Lionel Messi, Sergio Busquets and Jordi Alba.
-Reuters
International Football
Quitting Portugal never crossed my mind, says Ronaldo
![](https://sportsvillagesquare.com/wp-content/uploads/2024/09/34P2HEWYWJOKBFGYISOZT244ZE.jpg)
Portugal forward Cristiano Ronaldo dismissed suggestions he had considered ending his international career in the near future, adding that post-Euro criticism did not worry him.
Portugal host Croatia in their Nations League opener on Thursday before welcoming Scotland in League A Group One on Sunday.
“That’s all from the press. It never crossed my mind that my cycle (with Portugal) had come to an end. Quite the opposite: it gave me even more motivation to continue to be honest,” Ronaldo told a press conference on Monday.
“The motivation is to come to the national team to win the Nations League … We’ve already won it once and we want to do it again. I might say the same thing over and over again, but I don’t think long term, it’s always short term.”
Ronaldo captained Portugal to success in the opening edition of the Nations League in 2018-19, three years after they became European Champions for the first time in France.
“Until the end of my career, I will always have the mindset that I will be a starter,” Ronaldo added.
“What I feel at the moment, and the coach’s (Roberto Martinez) words also demonstrate this, is that I continue to be an asset to the national team and I will be the first (to admit it) if that isn’t the case.
“When I’m (no longer) an asset I will be the first to leave. But I will go with a clear conscience, as always, because I know who I am, what I can do, what I do and what I will continue to do.”
The 39-year-old appeared untroubled by criticism he faced for failing to score at the 2024 European Championship.
“Criticism is great because if it doesn’t exist there’s no progress. It’s always been like this. Is it going to change now? It won’t,” Ronaldo said.
“So I try to follow my path, be as professional as possible, help in the best way possible with my professionalism and not just with goals, assists, discipline, and example, because football is much more than just playing well or scoring a goal.
“The people who give their opinions have never been in a locker room, and I often laugh because it’s the same thing as me talking about Formula 1.
“How can I give my opinion on Formula 1 if I don’t know anything about tires, rims or the weight of the car … It’s normal and that’s why for me criticism is good and part of it, it’s no problem at all.”
-Reuters
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