Why Did Cristiano Ronaldo Sell His Trump Tower NYC Condo for a Loss?

[malaise]

https://www.realtor.com/news/celebrity-real-estate/why-did-cristiano-ronaldo-sell-trump-tower-nyc-condo-for-loss/


The soccer superstar Cristiano Ronaldo has had less luck in the real estate game. He recently unloaded his Trump Tower condo in Manhattan for $7.18 million, a whopping $11.32 million less than he paid in 2015.

The Manchester United forward shelled out $18.5 million for the three-bedroom, high-floor loft with Central Park views in 2015.

At the time of the transaction, rumors swirled that perhaps the legendary Portuguese player would eventually wind up in the United States and join Major League Soccer. That never happened.

[dem4decades]

1. Maybe the Russians spending money "foolishly" has ended?

[PoliticAverse]

2. Despite what some real estate agents might tell you, real estate is not always "a bargain".

Especially so in the condo market.

[multigraincracker]

3. He is a smart jock.

Or, strapped for cash.

[Me.]

4. Get Out Before It Was Worth Nothing

[bucolic_frolic]

5. Overpaid to grab headlines

probably wooed by real estate superstar, got a great tax write-off and salvaged what value remained. Somebody made some money.

Of course $11.32 million would buy you more than a Chinese laundry.