Ronaldo, 47, agreed with BPW Sports company to sell the 90% stake he acquired in 2021 for $70 million
The property fund, named as ‘Real Estate Musharakah Notes’ (REMNotes), is seen churning an annual return of 12 to 15pc through leasing and rental income throughout the three-year tenure of the notes which are pegged at $1 per share. The fund is open for subscription until August 31.
REMNotes will be issued by Mayfair affiliate, REMNotes Inc (BVI), which will invest in completed properties in the UAE.
The properties to be invested in will be those recommended by E-valuations Chartered Surveyors, a Dubai-based valuation firm certified by the Royal Institution of Chartered Surveyors and Mayfair International, a global property consultancy firm based in the United Kingdom.
Ronaldo, 47, agreed with BPW Sports company to sell the 90% stake he acquired in 2021 for $70 million
The decision aims to ensure the safety of teachers as well as students across the country
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The airline will initially fly once a week between the two destinations
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The rule allows teams to bring in one substitute at any time for a player in the starting 11