Cristiano Ronaldo has revealed that he will not be going to this month's Fifa Club World Cup, although the veteran attacker admitted there had been “plenty of invitations” to play.
Last month, Fifa president Gianni Infantino claimed that discussions had taken place about the possibility of Ronaldo joining one of the clubs taking part in the inaugural tournament that is being held in the United States.
Days later, Ronaldo seemed to suggest that his time at Saudi Pro League side Al Nassr was coming to an end following a frustrating campaign in the Middle East.
For the second season running Ronaldo had topped the SPL scoring charts but not only had Nassr finished without a trophy but also failed to qualify for the AFC Champions League Elite.
“This chapter is over. The story? Still being written. Grateful to all,” the 40-year-old posted on social media after Al Nassr's defeat at Al Fateh in their final game of the season.
This sparked a flurry of speculation that Ronaldo was set to move ahead of the Club World Cup with Al Hilal, who will be participating in the US, linked as one of his possible destinations.
But, speaking ahead of Portugal's Uefa Nations League final against Spain in Munich on Sunday, the former Sporting Club, Manchester United, Real Madrid and Juventus striker played down the possibility of appearing at the Club World Cup.
“It's irrelevant, at the moment it doesn't make sense to talk about things other than the national team,” said Ronaldo, who scored the winner in Portugal's semi-final win over Germany on Wednesday – his 137th international goal.
“There has been plenty of contact [from clubs], I see things that make sense, others that don't. You can't go to all of them [clubs], you have to think short, medium and long term.
“It's something that's practically decided on my part, which is not to go to the Club World Cup, but I've had plenty of invitations.”
Al Nassr remain hopeful that Ronaldo will remain at the club despite sporting director Fernando Hierro admitting there were “many clubs interested in signing him”.
“Cristiano’s arrival was not just a signing – it was a national project,” Hierro added. “He opened up the Saudi league to the world. It’s phenomenal he had the courage to come, to stay, and to help us grow.”
Ronaldo joined Al Nassr in 2023 and has scored 99 goals in 111 appearances for the Riyadh-based club, including 35 times last season.
With his club future seemingly up in the air, Ronaldo is focusing on winning this third major honour with Portugal, after the European Championship (2016) and Nations League (2018/19).
Looking to stop the Portuguese at the final hurdle will be reigning European champions Spain and there teenage wonderkid Lamine Yamal.
The 17-year-old has just helped Barcelona seal a domestic treble, winning the title back from Ronaldo's old club Real while also beating Los Blancos in the Copa del Rey and Spanish Supercup finals.
Yamal also played a key role in Spain winning Euro 2024 last summer when he won the young player of the tournament award and scored the goal of the tournament in the semi-final win over France.
And now the final is being touted as being a face-off between the world football's young pretender up against one of the game's all-time greats. But the man himself – whose rivalry with Barca legend Lionel Messi has been a backdrop to his whole career – played down the idea.
“It's always been like that, whenever I've played football, whenever I've played a big game it's always been Cristiano against this one, against that one,” Ronaldo said.
“It's been 20-something years and it's still the same, it doesn't keep me up at night any more, it's a normal thing. They're completely different generations, a generation that's starting out, another that's finishing, which is my case.
“In reality it's not like that, it's a team against a team. It will always be like that … What I want most is for Portugal to be at a good level, confident that things can go well, that we can play a great game and win against a very good team, possibly the best in the world.”
Ronaldo also played down suggestions that Yamal should be the front-runner for this year's Ballon d'Or award, with the five-time winner adding: “In my opinion … The Ballon d'Or winner should be in a team that has won the Champions League.”
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
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UAE currency: the story behind the money in your pockets
Gothia Cup 2025
4,872 matches
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MATCH INFO
Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD
GREATEST ROYAL RUMBLE CARD
The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27
50-man Royal Rumble
Universal Championship
Brock Lesnar (champion) v Roman Reigns
Casket match
The Undertaker v Rusev
Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos
Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy
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Jeff Hardy (champion) v Jinder Mahal
Singles match
Triple H v John Cena
To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
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Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
