Rabat - Brazilian legend and former Real Madrid player Ronaldo has acquired a 51 percent stake of Real Valladolid for €30 million.
Rabat – Brazilian legend and former Real Madrid player Ronaldo has acquired a 51 percent stake of Real Valladolid for €30 million.
Ronaldo Luis Nazario de Lima said that his experiences in football have prepared him for the opportunity to own a club.
Ronaldo was introduced at a ceremony the city hall of Valladolid, a city in northwest Spain, alongside Valladolid’s President Carlos Suarez and Mayor Oscar Puente.
President Suarez said that selling a stake to Ronaldo would only help the club succeed.
Ronaldo aims to build the best team possible to strongly compete in La Liga and grow the club’s enthusiasm.
Speaking at a news conference today, Ronaldo said, “I have gone through many stages in my training in football to prepare. Football is a passion.” He added, “this new management will be defined by four words: competitiveness, transparency, revolution, and social.”
The sale has reportedly been in place since May and depended on the club’s getting a pass ticket into La Liga, which they achieved in June.
Investors from China and Latin America have reportedly been bidding to buy the club, but President Suarez found Ronaldo’s bid more interesting.
Valladolid finished 5th in the 2017-2018 season in La Liga’s second division and currently holds the 16th position out of 20 teams in La Liga.