Cristiano Ronaldo is selling his Trump Tower apartment at a huge $10 million loss, report says

[Yo_Mama_Been_Loggin]

Cristiano Ronaldo is preparing to sell his Trump Tower apartment at a major loss, according to The Sun.

The soccer star paid $18.5 million for the 2,500-square-foot pad in 2015, Insider previously reported.

Ronaldo then put the luxury property on the market in 2019 for $9 million after fans signed a petition urging him to distance himself from former President Donald Trump, Vanity Fair said.

-snip-

The soccer star's inability to sell the luxury apartment is less to do with its interior design and more to do with how radioactive the Trump brand has become since his tumultuous one-term president.

https://www.yahoo.com/news/cristiano-ronaldo-selling-trump-tower-092848522.html

[Ilsa]

1. He needs to find a russian oligarch needing to launder some money.

It works all the time for Donald.

[Blue_true]

21. Yes. That likely will be the only way he sells it.

Honestly, I wouldn’t buy anything with Trump’s name or face on it, with the exception of toilet paper as long as he gets nothing from the sale.

[RKP5637]

2. Association with Trump is akin to swimming with piranha fish! n/t

[malaise]

3. He was a fool to buy it

Tough luck

[Buns_of_Fire]

4. Try Mr. Pillow. He seems to have a lot of money to piss away on trump. nt

[ProfessorGAC]

7. Yeah, Right!

That dude has just about the cost of that discounted condo.
He's not as wealthy as he pretends to be. Like someone else we know!
Birds of a feather...

[Cha]

9. Yeah.. and that bean guy, Goya.. after all

Psycho did for his beans in our WH.

[marble falls]

5. It a such thing as a "minor $10M loss"?

[edhopper]

12. He is worth $500 million

so it is minor to him.

[marble falls]

15. I bet it isn't. That $10M represents real money he could have had in his hand, the 500M doesn't.

[edhopper]

17. It's a loss

therefore a big tax break. The rich never really lose money.

[marble falls]

19. Really. The rich never go bankrupt. I never knew that.

[edhopper]

20. Not if they are smart

only the dumb ones like Trump.
And even so, losing 2% of his wealth and getting a tax break isn't going to make him bankrupt.

[marble falls]

25. Smart people don't go bankrupt, that's new to me also. But the big takeaway is $10M is pocket ...

... lint. Let's be honest: 99% of the time, losing $10M is a big deal.

[edhopper]

29. That is why

the gross inequity of the super rich is so obscene. Because there are people for who losing $10 million on one of their many homes doesn't mean anything.

[JI7]

32. Most people will never have that much money

[Neema]

33. People like trump go bankrupt to screw everyone to whom they owe money.

They rarely ever suffer any real consequences, but the businesses stiffed out of money do.

[WarGamer]

6. I still can't understand WHY Trump hasn't sold it yet...

It's probably the best thing in his portfolio and he knows that the City hates him.

Oh and some Saudi or Chinese foreign investment group would pay HUGE $$ for it.

[marble falls]

16. He's not had much luck selling any of the properties he's put up so far.

[edhopper]

22. He doesn't own it.

he has a percentage in it and probably owes more than he can get.

[Blue_true]

23. A buyer has to assume that Trump doesn't have the property

loaded down with hidden debt that he will try to pawn off onto the buyer. That is a big assumption with that malignant asshole.

[WarGamer]

28. If Forbes is believable...

The Trump Corp holds $371M even considering a $160M loan on the property... so the value appears to be around $530M

[Demovictory9]

8. 50% loss..thats huuuuge

[Dorian Gray]

10. Okay....

I live in NYC. I know 2500 sq foot apartments. They are super uber expensive, but they've never been 18.5 million dollars expensive. That's way over the going rate for square footage. That's insane. He got ripped off.

[edhopper]

13. Some of the new super high rises

have $100 million apartments and even one for over $200 million.

https://www.mansionglobal.com/articles/with-two-homes-over-20-million-going-into-contract-manhattan-luxury-sees-slight-bump-220219

That said, he overpaid for the dump that is Trump Tower.

[Blue_true]

24. Some Russian oligarch bought his college bound daughter a $40 million

dollar penthouse NYC apartment about a decade ago.

There are much more expensive places that Trump’s dumps.

[Dorian Gray]

26. I bet they were bigger than 2500 sq feet, tho.

[Ace Rothstein]

11. He's worth half a billion so he'll probably be ok.

Curious as to why he bought the property in the first place.

[edhopper]

14. My guess

scammed by Trump.

[struggle4progress]

18. Judging from the pictures, I'm not surprised

by Matt Stopera
BuzzFeed Staff

... For $7+ million, you would think the kitchen would be upgraded, but it's not:



https://www.buzzfeed.com/mjs538/cristiano-ronaldo-trump-tower

[Dorian Gray]

27. That place

is a lot of tacky and ugly.

[rictofen]

30. Also doesn't have nearly enough ceiling lights n/t

[Blue Owl]

31. Suck it, Slobfather