Ronaldo Buys La Liga Club
Former Real Madrid striker Ronaldo Luís Nazário de Lima has acquired La Liga club, Real Valladolid.
It was announced on Monday that the former Brazil international bought 51 percent of the La Liga club's shares.
"Today is a starting point. Ronaldo personally acquires 51 percent of the shares of Real Valladolid." Valladolid president Carlos Suarez said.
"He is an idol that loves and spreads a dream."
Ronaldo played in Spain for Real Madrid and Barcelona, while also winning the World Cup twice with Brazil.
"This is a very important day for me," he said. "I've gone through a lot to prepare both within the game and outside it.
"You can count on us to consolidate Real Valladolid in the top division and to keep building our dream."
Valladolid earned promotion to the top tier last season and sit 16th, after two draws and a defeat from their opening three games.
Ronaldo retired in 2011, having been named Fifa World Player of the Year in 1996, 1997 and 2002.
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