Depreciation News
Cristiano Ronaldo loses out on the property market
Real Madrid star is selling his home at the wrong time
In 2008, Cristiano Ronaldo paid £3.8m for the seven-bedroom mansion in Alderly Edge that his new neighbours deemed “offensive, brutal and insensitive“.
Soon after moving in, the tricky winger invested £300,000 on a pool, gym and ‘gadgets’ (read: ‘a sex dungeon’) for his opulent pre-fab home.
The financial nuclear winter doesn’t seem to have affected his freespending employers, but it has depreciated the value of the Cheshire crib, as it is now valued at just £3.5m. The Spoiler’s maths correspondent informs us that this represents a loss of £600,000.
It could take anything up to three weeks for Ronaldo to make back that kind of deficit.
Jun
16
4 responses so far
f1sh // June 16, 2009 at 3:37 pm
poor guy, that will hit him “hard”
Sef // June 17, 2009 at 6:53 am
£3.8M>£3.5M=£300,000 NOT £600,000 if your going to write crap! make it beleivable crap!
Ryan Bailey // June 17, 2009 at 7:21 am
Thanks for your comments Sef.
You are correct that £3.8m is £300,000 more than £3.5m (although you seem to use a ‘greater than’ symbol rather than a subtraction one).
When you add in the additional £300,000 he invested on ‘improvements’, however, this brings the total up to £600,000.
I have a calculator you can borrow if you’d like to check it?
sean // June 17, 2009 at 10:40 pm
haha nice ryan i was gonna point that out but you beat me to it. if your gonna post crap make it believable crap.
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