december 19, 2012 • 12:22 PM • last update 12:25 PM

Real Madrid announces Cristiano will stay with the club

Cristiano Ronaldo and Real Madrid missed a chance to gain on the leaders in La Liga when they tied 2-2 to Espanyol at the Santiago Bernabeu.
Foto: Getty Images

Following rumors that pointed to the exit of Cristiano Ronaldo to the French powerhouse Paris Saint-Germain, Real Madrid executive board clarified that the Portuguese attacker will stay with the white institution until June 30, 2015, the date his contract ends.

In recent days, Saud Bin Abdulrahman Al-Thani, PSG’s owner right hand, told Canal + that both the attacker and coach Jose Mourinho were objectives for the French club for next season. "In sport you have to be motivated and seek the best for your club. Make the right investments at the right time. Our goal is to win the Champions League. We hope to become the best club in Europe and even the world ."

After these statements the board of Madrid, led by president Florentino Perez, said it has not received an offer for CR7. Cristiano’s contract who arrived to Real Madrid in the summer of 2009, ends in June 30, 2015.

One of the factors that influenced the new rumor of Ronaldo's departure to PSG was his agent, Jorge Mendes, who manages both the player's career as Mourinho. The same representative made clear that although the two Portuguese are their clients, their careers are handled separately.

Both Madrid and Ronaldo will negotiate before the summer of 2013 an improved contract and a renewal of three more years, which would keep Cristiano Ronaldo in Madrid until 2018. The player wants to stay and the club will make an effort to raise his pay to what they consider fair.

Since arriving in the Spanish capital, Cristiano Ronaldo has scored 169 goals in as many games. He has won the Copa del Rey in 2011 and the Spanish league in 2011-12.