International Football
Ronaldo faces $1B lawsuit
Portuguese football star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance.
The lawsuit filed in federal court in the Southern District of Florida Monday alleges that Ronaldo’s promotion of Binance was “deceptive and unlawful.” Binance’s partnership with high-profile figures like Ronaldo, the plaintiffs claim, led them into costly and unsafe investments.
“Evidence now reveals that Binance’s fraud was only able to reach such heights through the offer and sale of unregistered securities, with the willing help and assistance of some of the wealthiest, powerful and recognized organizations and celebrities across the globe—just like Defendant Ronaldo,” the suit reads.
Representatives for Ronaldo and Binance, the world’s largest cryptocurrency exchange, did not immediately return requests for comment from The Associated Press.
Ronaldo launched his inaugural NFT “CR7” collection with Binance in November of last year, ahead of the 2022 World Cup. The NFTs — which had starting prices ranging from the equivalent of about $77 to $10,000 — featured seven animated statues depicting Ronaldo from iconic moments in his life, from bicycle-kick goals to his childhood in Portugal.
Monday’s suit says that the promotional efforts of Ronaldo’s Binance partnership were “incredibly successful” — alleging a 500% increase in online searches using the keyword “Binance” after the football star’s NFTs was announced. The collection’s premium-level NFTs sold out within the first week, the suit claims.
Ronaldo has since continued to promote Binance on his official website and social media platforms. Most recently, on X (the platform formerly known as Twitter) Ronaldo reposted a Binance video and wrote that he was “Cooking something up” with the crypto exchange on Tuesday.
NFTs are ordinary digital images with an attached version number that have been added to a cryptocurrency blockchain, a process designed to make them “unique” collectibles. NFTs enjoyed a brief boom, but have since largely collapsed in value as the crypto industry has been marred by scandals and market meltdowns.
Over the summer, Binance was accused of operating as an unregistered securities exchange and violating a slew of U.S. securities laws in a lawsuit from regulators. The crypto exchange agreed last week to pay a roughly $4 billion settlement and its founder Changpeng Zhao stepped down as CEO and pleaded guilty to a felony related to his failure to prevent money laundering on the platform.
This week’s lawsuit against Ronaldo isn’t the first time that a celebrity has faced litigation over crypto promotions. Last year, a host of Hollywood and sports stars — including Larry David and Tom Brady — were named as defendants in a class-action suit against FTX, which was the second-largest crypto exchange before it collapsed in November 2022. The suit argued that the celebrities’ status made them culpable for promoting FTX’s failed business model.
Ronaldo is one of the most recognizable and wealthiest athletes in the world. He leads his home country Portugal’s national team and has played for the Spanish team Real Madrid, the Italian club Juventus, and Manchester United in England. He now plays for the Saudi Arabian professional team Al-Nassr.
–AP
International Football
Former Brazil coach Tite taking break to take care of mental, physical health
Former Brazil coach Tite said he is taking an indefinite career break in order to take care of his mental and physical health.
The 63-year-old, who led Brazil to the 2019 Copa America title, was hospitalised due to a heart issue last August. He was sacked by Flamengo the following month and had most recently been linked with the Corinthians job.
“I realised that there are times when you have to understand that, as a human being, I can be vulnerable and admitting that will certainly make me stronger,” Tite said in a statement posted on his son Matheus Bachi’s Instagram on Tuesday.
“I’m passionate about what I do and I’ll continue to be so, but after talking to my family and observing the signals my body was giving off, I decided that the best thing to do now is to take a break from my career to look after myself for as long as it takes.
“As has become public, there was a conversation in progress with Corinthians, but it will have to be paralysed by a difficult but necessary decision.”
Tite, who stepped down as Brazil coach after their quarter-final exit from the 2022 World Cup, has previously coached a string of Brazilian sides including Gremio, Atletico Mineiro and Palmeiras.
-Reuters
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Brazil have sacked head coach Dorival Jr, the country’s football confederation (CBF) said on Friday after the five-time world champions were thrashed 4-1 away to fierce rivals Argentina in a humiliating qualifying loss in Buenos Aires.
The 62-year-old was appointed in January 2024 after the team spent a year under two caretaker coaches as the Brazilian FA were unable to lure Italian Carlo Ancelotti from Real Madrid.
“The Brazilian Football Confederation informs that coach Dorival Jr is no longer in charge of the Brazilian national team,” the confederation said in a statement.
“The management thanks (Dorival) and wishes him success in continuing his career … the CBF will work to find his replacement,” it added.
Dorival was handed the job after his success with Flamengo in 2022 where he won the Copa Libertadores and Brazilian Cup, a trophy he lifted again the next year with Sao Paulo.
However, he never seemed to get to grips with the national team job and failed to earn the trust of Brazil’s demanding fans after winning only seven of his 16 games in charge.
Sources told Reuters the CBF was not confident in Dorival’s work, considering there had been little to no progress since a lacklustre Copa America campaign when Brazil were knocked out in the quarter-finals by Uruguay last year.
Still, the CBF was willing to wait and see until the 2026 World Cup qualifiers against Ecuador and Paraguay in June to reassess the situation following the end of the European season and the Club World Cup in the U.S. in June and July.
But after Brazil slumped to their heaviest-ever loss in a qualifier when they were thrashed by Argentina this week, CBF president Ednaldo Rodrigues decided to pull the trigger.
IDEAL CANDIDATE
Sources told Reuters Ancelotti was still the ideal candidate but he is under contract with Real until July 2026 and there is no indication he would leave the European and Spanish champions.
Brazilian media have reported that Al Hilal’s Portuguese coach Jorge Jesus is the favourite to replace Dorival.
Brazil have been in unfamiliar territory for over two years since crashing out of the 2022 World Cup against Croatia on penalties in the quarter-finals, a heartbreaking elimination that led to the exit of long-time manager Tite.
Their humbling defeat in Buenos Aires was the latest of a series of negative records Brazil have set under caretakers Ramon Menezes and Fernando Diniz and with Dorival in charge. They had never conceded four goals in a World Cup qualifier.
Brazil are in the midst of their worst-ever World Cup qualifying campaign. They are fourth in the South American standings with 21 points, a point above sixth-placed Colombia who currently occupy the final direct qualifying berth.
Never have Brazil lost so many games, conceded so many goals or set so many negative records in the qualifying competition. They have lost five of their 14 games and conceded 16 goals.
Brazil’s 1-0 defeat by Argentina in the Maracana late in 2023 was their first-ever qualifying loss on home soil.
They also lost to Colombia for the first time, saw the end of their unbeaten run against Uruguay stretching back over two decades and were defeated by Morocco and Senegal, having never previously lost to an African nation.
-Reuters
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International Football
England’s German manager Tuchel will not sing the English anthem in his first game
England manager Thomas Tuchel said he would have to “earn the right” to sing the national anthem, God Save the King, after announcing his 26-man squad on Friday ahead of the team’s World Cup qualifiers.
Tuchel, who was appointed as Gareth Southgate’s successor in October and named his first squad to face Albania and Latvia this month, said he would not sing the anthem in his first games in charge.
“It means a lot to me, I can assure you, but I can feel that because it is so meaningful and it is so emotional and it is so powerful, the national anthem, that I have to earn my right to sing it,” the 51-year-old German told a news conference.
Former caretaker manager Lee Carsley was criticised last year for not singing the anthem during his tenure.
However, Tuchel added that while he is proud to be in charge of the team and knows the words to the anthem, he plans to earn the right with results.
“Maybe I have to dive more into the culture and earn my right from you, from the players, from the supporters, so everyone feels like ‘he should sing it now, he’s one of our own, he’s the English manager, he should sing it’,” he said.
-Reuters
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