Brazil legend, Ronaldo has puchased a 51 percent share in La Liga side, Real Valladolid.
Despite owning the majority of the club, Ronaldo said, president Carlos Suarez will still remain in his position, while he will take on the role of president of the board of directors.
The club’s new majority owner was unveiled on Monday at a press conference where he outlined the plans for the future of the club.
“We want to grow and reach where our will allows us,” Ronaldo said.
“I will use four words to define our politics: Competitiveness, Transparency, Revolution and Social. I assure you that you will find me as a lover of Castilla-Leon, Valladolid and Real Valladolid.”
The club President was delighted to welcome the World Cup winner on board, adding that the negotiations took over a month to finalize.
Suarez believes involvement of the former Real Madrid striker will help put the Spanish side ‘on the map’ while also indicating that it was not merely a financial decision to sell to the Brazilian.
“The deal was closed on Wednesday,” Suarez announced. “Ronaldo acquired 51% of the shares in a personal capacity. It was at the end of July when we started talking.
“It was not an economic issue, but now Valladolid can play in other leagues, Ronaldo puts us on the map now. I thought it was the best for the club, and that’s what I bet, you’ll see that it’s the ideal option for Valladolid,” Suarez said.