Former Brazilian striker Ronaldo has taken control of Real Valladolid after buying 51 percent of the La Liga 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.”
Despite now owning a majority of the club, Ronaldo has agreed that president Carlos Suarez will remain in his position, while the World Cup winner 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 his 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.”