Former Brazil striker Ronaldo has become the major shareholder of Real Valladolid after purchasing a 51% stake in the Spanish club.
Ronaldo paid €30million (£27.04million) for the shares and was present at a ceremony held at the city hall on Monday alongside current majority owner and president Carlos Suarez.
Suarez previously owned 58% of the shares in the club, but believes it is the right time for Ronaldo to take over as the majority shareholder. Real Valladolid are currently struggling to avoid relegation in La Liga and have a reported debt of €25million (£22.54million).
As reported by ESPN, Suarez said: “Ronaldo’s arrival puts Real Valladolid on the map and will allow the club to have a bit of quality. I welcome him to his home.”
Ronaldo said: “I have gone through many experiences in my career that have prepared me for this. Football is always a passion.“
The Brazilian has many interests outside of football. In 2011, the year in which he retired from playing, Ronaldo appeared in Brazilian film A menina da flor.
He also has a passion for poker and in 2013 became a member of PokerStars League before playing in a charity poker tournament against tennis star Rafael Nadal the following year.
In 2014 Ronaldo became a minority owner of the now defunct North American Soccer League club Fort Lauderdale Strikers.
He also opened eight new branches of the Ronaldo academy in 2015, the iconic striker expects to open about 100 academies worldwide by 2020.
As a player, Ronaldo earned a reputation as one of the standout strikers of all time with some excellent performances majorly known for dribbling past goalkeepers.
Having started his career at Cruzeiro, he moved to PSV and went on to play for some of the world’s most renowned clubs in Barcelona, Inter Milan, Real Madrid and AC Milan prior to returning to Brazil with Corinthians. In total Ronaldo found the net 352 times in 518 games during his club career.
At international level, Ronaldo scored 62 times in 98 games for Brazil, winning the World Cup in both 1994 and 2002.
He was also named FIFA Best player, Ballon D’or winner, and won so many accolades as an individual and so many others at both club and country level. Can his success on the pitch be transformed into management!
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Moses is a freelance writer for Newslibre and Programs Associate at the Uganda Child Cancer Foundation. He loves writing about sports, politics and news around the globe and Inspiring new young people!!