Brazil great and former Real Madrid striker Ronaldo has become the majority shareholder of LaLiga outfit Real Valladolid, buying 51 percent of the club’s shares, it was announced on Monday.
At a press conference held in the city’s town hall, Valladolid president Carlos Suarez said: “Today is a starting point. Ronaldo personally acquires 51 percent of the shares of Real Valladolid.”
“He is an idol that loves and spreads a dream.”
Ronaldo played in Spain for Real Madrid and Barcelona, while also winning the World Cup twice with Brazil.
“This is a very important day for me,” he said. “I’ve gone through a lot to prepare both within the game and outside it.
“You can count on us to consolidate Real Valladolid in the top division and to keep building our dream.”
Valladolid earned promotion to the top tier last season and sit 16th, after two draws and a defeat from their opening three games.