Brazilian Ronaldo buys majority stake in La Liga side
The former Barcelona and Real Madrid forward paid around 30 million euros to buy a 51 per cent stake in Real Valladolid
Former Brazil striker Ronaldo has become the majority stakeholder in Spanish La Liga team Real Valladolid after buying 51 per cent of the club from president Carlos Suarez.
The former Barcelona and Real Madrid forward paid around 30 million euros, according to Spanish media reports.
Valladolid were promoted this season and Ronaldo said the aim was to keep the team in the Spanish top flight.
"We want Real Valladolid to consolidate in the top flight and keep building hopes from there," said Ronaldo.
"It will not stop there because we want to grow to where our hopes allow us to."
Suarez will continue as club president.
"The arrival of Ronaldo puts Valladolid on the map and will allow the club to take a leap forward in quality. I welcome him to his home," said Suarez.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies