While his form in the first half of the campaign was often disappointing, Ronaldo still finished last season with 44 goals to his name, including 15 in the UEFA Champions League as Real won it for the third year running.
Reports in Portugal this week claim that Ronaldo has made an "irreversible" decision to leave the club, while Paris Saint-Germian forward Neymar is continually linked with a move to the European champions.
However, the Spanish top flight's president feels the league would recover from the loss of Ronaldo, although he does not want to see the 33-year-old go.
"I've never understood the Ballon d'Or criteria", he said.
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The full-back has also rubbished suggestions that Cristiano Ronaldo could look to block the move and insists that there is no reason why Ronaldo and Neymar could not be at the club together.
The Portuguese worldwide helped Real Madrid to four UCL titles in the last five years, and the EURO16 win with Portugal has made him one of the best players the game has ever seen.
Their World Cup-winning side of 2002 was loaded with attacking talent and captured the imagination of a global audience. Frustration over stalled contract talks is at the root of things, but the sentiment of deciding his future "in the next few days" has now stretched a couple weeks.
The Real Madrid all-time top scorer later attempted to clarify his comments, but only tangled the web further, saying: "I can not guarantee that I will stay at Real Madrid, but this is not the moment to talk, as Madrid have made history, but neither am I going to hide". I know Sergio for 12 years, I play with Firmino for four years, in the Brazilian squad.