Brazilian Ronaldo buys majority stake of Real Valladolid

Reuters - Former Brazil striker Ronaldo on Monday (September 3) was unveiled as majority stakeholder in Spanish La Liga team Real Valladolid after buying 51 percent of the club from president Carlos Suarez. The former Barcelona and Real Madrid forward paid around 30 million euros ($35 million), according to Spanish media reports. Valladolid were promoted this season and Ronaldo said the aim was to keep the team in the Spanish top flight. "We have the best people to meet our objectives," said Ronaldo at an unveiling event in Valladolid. "It will not stop there because we want to grow to where our hopes allow us to." Suarez will continue as club president. "The arrival of Ronaldo puts Valladolid on the map and will allow the club to take a leap forward in quality. I welcome him to his home," said Suarez.