David Beckham still tops the list of highest earning football player in the world. But Ronaldo rules when it comes to salary alone, according to Portuguese marketing agency Futebol Finance.

50 highest paid football players in the world

1 Cristiano Ronaldo (Real Madrid, £11.3million)
2 Zlatan Ibrahimovic (Barcelona, £10.4million)
3 Lionel Messi (Barcelona, £9.1million)
4 Samuel Eto’o (Internazionale, £9.1million)
5 Kaka (Real Madrid, £8.7million)
6 Emmanuel Adebayor (Manchester City, £7.4million)
7 Karim Benzema (Real Madrid, £7.4million)
8 Carlos Tevez (Manchester City, £7million)
9 John Terry (Chelsea, £6.5million)
10 Frank Lampard (Chelsea, £6.5million)

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Ryan Giggs is delighted that Cristiano Ronaldo has pledged his future to United by signing a new five-year deal at Old Trafford, and says the Portuguese winger can become one of the game’s greats.

The Welsh winger is a shining example of how to consistently perform at the highest level and has challenged his team-mate to maintain his “unbelievable” performances for the next ten years.

“It is great news for the club, Cristiano and the fans,” said Giggs after hearing that Ronaldo had signed a new contract until 2012.

“He’s been on fire this season, his form has been unbelievable. For someone in his position and of his age to be as consistent as he has been is remarkable.”

Giggs is confident United have secured the services of a special player who can still get better.

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Manchester United is delighted to announce that it has agreed terms with Cristiano Ronaldo on a new five-year contract keeping him at the club until at least June 2012.

Sir Alex Ferguson said: “It is fantastic news, it emphasises the point that Cristiano is happy here and that he is at the right club.

“He has a great relationship with the team, staff and the fans and he will go on to be one of Manchester United’s great players.”

Cristiano added: “I am delighted. I spoke with Sir Alex and David Gill about my future and everyone knew that I wanted to stay.

“I am very happy at the club. I want to win trophies and hopefully we’ll do that this season.”

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Manchester United chief executive David Gill is confident that Cristiano Ronaldo will extend his contract at Old Trafford this summer.

Ronaldo’s representatives are in talks with the club over extending the 22-year-old’s current deal, which runs until 2010.

“Discussions are ongoing so we’re not going to put a timeline against them,” Gill told BBC Radio Four. “The player wants to say, we want him to stay and I’m sure we’ll reach a satisfactory conclusion.”

Ronaldo has made no secret of a desire to one day play in Spain, but he has firmly stated that his immediate future is in Manchester.

“Every United fan can be reassured he won’t be leaving this summer,” added Gill. “It would be realistic to extend it by a further two years to 2012 – the same time that Wayne Rooney has signed for.”

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