Ronaldo buys majority stake in La Liga club

Former Brazilian striker Ronaldo has taken control of Real Valladolid after buying 51 percent of the La Liga club’s shares.

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.”

Ronaldo, who played in Spain for Real Madrid and Barcelona, said, “This is a very important day for me. 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.”

Ronaldo appealed to the Valladolid fans to help shape the club’s future.

“I want everyone to be a part of this club and I invite the fans to participate in this project,” he said.