The museum was inaugurated on 15 December 2013 by Ronaldo's former club Sporting FC.
Other participants in the opening ceremony were the second President of the Regional Government of Madeira Alberto João Jardim, Pepe, Paulo Bento, Emilio Butragueño and the girlfriend of Ronaldo at the time, Irina Shayk.
At the opening, the collection had 126 trophies on display.
The original location of the museum was in a 400 meter space located on Rua Imperatriz Dona Amélia in Sé, Funchal.

On 24 March 2016, the bronze statue of Ronaldo was moved several meters from its location near the road Avenida Sá Carneiro to be in front of then under-construction hotel and new museum, closer to the port of Funchal, with the stand of the statue being altered.

On 6 June 2016, the museum was reopened, having moved to a new larger location on the Praça do Mar, also in Sé, Funchal, occupying a 1,400 space below the Pestana CR7 Hotel, a joint venture between Ronaldo and the Pestana Group.

The official inauguration of the hotel was on 1 July 2016, with Ronaldo, along with the President of Portugal, Marcelo Rebelo de Sousa, the Presidents of the Regional Government of Madeira, Miguel Albuquerque and the President of the Pestana Group, Dionísio Pestana.

During the inauguration of the hotel, the square was named from Praça do Mar to Praça CR7.
The museum was inaugurated on 15 December 2013 by Ronaldo's former club Sporting FC. Other participants in the opening ceremony were the second President of the Regional Government of Madeira Alberto João Jardim, Pepe, Paulo Bento, Emilio Butragueño and the girlfriend of Ronaldo at the time, Irina Shayk. At the opening, the collection had 126 trophies on display. The original location of the museum was in a 400 meter space located on Rua Imperatriz Dona Amélia in Sé, Funchal.
On 24 March 2016, the bronze statue of Ronaldo was moved several meters from its location near the road Avenida Sá Carneiro to be in front of then under-construction hotel and new museum, closer to the port of Funchal, with the stand of the statue being altered.
On 6 June 2016, the museum was reopened, having moved to a new larger location on the Praça do Mar, also in Sé, Funchal, occupying a 1,400 space below the Pestana CR7 Hotel, a joint venture between Ronaldo and the Pestana Group. 
The official inauguration of the hotel was on 1 July 2016, with Ronaldo, along with the President of Portugal, Marcelo Rebelo de Sousa, the Presidents of the Regional Government of Madeira, Miguel Albuquerque and the President of the Pestana Group, Dionísio Pestana.
During the inauguration of the hotel, the square was named from Praça do Mar to Praça CR7.
Museu CR7