Report: Lil Wayne to Start Sports Management Company and Sign Cristiano Ronaldo

Lil Wayne reportedly is signing soccer star Cristiano Ronaldo into his new sports management company. According to a report by TMZ Sports, Wayne has been thinking of starting his own sports management company. It will partner with PolarisSports, which is affiliated with CAA and GestiFute where Ronaldo's agent Jorge Mendes operates.

Sources say that the Young Money rapper is signing the member of Portugal national team because they are close friends. The company will handle the soccer star's various affairs in the United States including endorsement deals and modeling.