Brazilian Ronaldo buys majority stake in La Liga side
The former Barcelona and Real Madrid forward paid around 30 million euros to buy a 51 per cent stake in Real Valladolid
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Former Brazil striker Ronaldo has become the majority stakeholder in Spanish La Liga team Real Valladolid after buying 51 per cent of the club from president Carlos Suarez.
The former Barcelona and Real Madrid forward paid around 30 million euros, 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 want Real Valladolid to consolidate in the top flight and keep building hopes from there," said Ronaldo.
"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.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments