The awards were only a sideshow at the event compared to the Champions League draw, as Juventus were drawn against Ronaldo's former club Manchester United as well as Valencia and Swiss champions Young Boys.
Pot one consists of the holders (Real Madrid), the Europa League winners (Atlético Madrid) and the champions of the six highest-ranked nations.
The group is one of the more hard in the draw, with traditionally strong Spanish opposition from Valencia and the Swiss champions Young Boys.
The 44-year-old insists that Group B, which is composed of Barcelona, Tottenham Hotspur, PSV and Inter Milan, appears to be the most hard. Red Star won the old European Cup in 1991, one year before the format changed.
Group E: Bayern Munich, Benfica, Ajax, AEK Athen.
Shakhtar Donetsk are well known, having played against City in this competition last season.
Ronaldo had won the last two UEFA Best Player awards and three out of the last four. All 32 teams get a basic €15.25 million (NZ$26.8 million) just for being in the draw. "We'll go there knowing they are favourites but ready to play our game and give everything". He was named the best player of the Club World Cup in 2017 and made the FIFA Team of the Year in 2015, 2016 and 2017.
It is becoming ever harder for clubs from elsewhere to compete, but this draw ensures there will be some variety on into the knockout rounds, not least with Lokomotiv Moscow, Porto and Galatasaray joining Bundesliga side Schalke in Group D.
Mauricio Pochettino's side will also take on Inter Milan at the San Siro, the venue of Gareth Bale's famous Champions League hat-trick in 2010.
But critics say it could increase the competitive imbalance in European football and remove what romance is left.