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Ronaldo buys Real Valladolid

Former Barcelona and Real Madrid striker Ronaldo Nazario has concluded his purchase of Spanish La Liga football club Real Valladolid for €30 million (US$35 million). The deal sees the former Brazil international become the newly promoted club’s majority owner, taking a 51 per cent stake and replacing Carlos Suarez – who will remain on the club’s board after seeing his 66 per cent holding reduced. The club was out of the Spanish top flight for five years.

The club has been the subject of complicated negotiations: Disputes

The Brazilian had previously owned a stake in now defunct North American Soccer League (NASL) outfit Fort Lauderdale Strikers.

He said, 'I've gone through many stages in my football career to prepare for this. Football is all about passion. We want to build the best team possible to compete while also giving information about our management with transparency.'

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