Ronaldo becomes primary owner of LaLiga side Real Valladolid | OneFootball

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Ronaldo becomes primary owner of LaLiga side Real Valladolid | OneFootball

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Phil Costa·3 September 2018

Ronaldo becomes primary owner of LaLiga side Real Valladolid

Article image:Ronaldo becomes primary owner of LaLiga side Real Valladolid

Brazil and Real Madrid legend Ronaldo will become the primary owner of Real Valladolid, the club announced on Monday.

Ronaldo will take a €30m stake in the club, becoming their new president and clearing €25m worth of debt in the process.

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Current president Carlos Suárez is expected to stay on as senior executive and run the club on a day-to-day basis.

“I have gone through many experiences in my football development that have prepared me for this,” Ronaldo told reporters. “Football is always a passion.”

President Carlos Suárez, who owns 66 percent of the shares in the club, believes selling a stake to the Brazilian will only help raise awareness.

“Ronaldo’s arrival puts Real Valladolid on the map and will allow the club to have a bit of quality,” Suárez said. “I welcome him to his home.”

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