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Photo by Emmanuele Ciancaglini/Quality Sport Images/Getty Image

Cristiano Ronaldo, considered one of the world's best soccer players, will transfer to Manchester United, the team announced on Friday.

The big picture: Manchester United, while dominant historically, has not won the Premier League since the 2012-2013 season and they have not won a major trophy since they won the EFL Cup back in 2017.

Background: Ronaldo previously played for Manchester United from 2003-2009. He scored 118 in 292 games with the team.

  • In his career, Ronaldo has won five Ballon d’Ors (an award given to the best soccer player in the world), five UEFA Champions League titles, four FIFA Club World Cups, seven league titles, and the European Championship.

Details: According to the Guardian, the transfer fee is €2o million plus up to €3 million in bonuses.

  • Ronaldo has 12 months of a €31 million contract with Juventus that Manchester United will now be responsible for paying per the Guardian.

Go deeper

Oct 7, 2021 - Sports

Saudi sovereign wealth fund completes takeover of Newcastle United

Saudi Crown Prince Mohammed bin Salman, FIFA president Gianni Infantino and Russian President Vladimir Putin watch the ceremony prior to the 2018 World Cup Group in Russia. Photo: ALEXEY DRUZHININ/AFP via Getty Images

Saudi Crown Prince Mohammed bin Salman is now the new de facto owner of Newcastle United Football Club.

Driving the news: Saudi Arabia's sovereign wealth fund completed the deal Thursday after an 18-month delay.

The new cold war panic

Illustration: Aïda Amer/Axios

The world has seen a power struggle between nuclear powers before, and has seen those countries inch closer to military conflict. But it's never before seen a cold war between two countries as interconnected — with each other and with the rest of the globe — as the U.S. and China.

Why it matters: Escalating antagonism between the world's two superpowers is likely to hinder global cooperation to fight climate change, divert resources to costly arms and tech races, complicate diplomacy for U.S. allies, and victimize Chinese and American citizens living in each other's countries.

Parkland shooting victims' families settle suit with school district

A makeshift memorial outside Marjory Stoneman Douglas High School in Parkland, Florida, on Feb. 14, 2020. Photo: Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images

Families and survivors of a 2018 mass shooting at a high school in Parkland, Fla., reached a $25 million settlement in their lawsuit against the Broward County school district Monday, per the South Florida SunSentinel.

Why it matters: The deal was reached in the suit over the massacre at Marjory Stoneman Douglas High after the school district won a Florida Supreme Court ruling that could have capped damages at $300,000 in total without approval from the state legislature, AP notes.