Ronaldo becomes primary owner of Real Valladolid following takeover

Adriana Garcia2 Minute Read
Ronaldo has purchased a majority stake in La Liga club Real Valladolid.VCG/VCG via Getty Images

Brazil and Real Madrid legend Ronaldo feels prepared and excited as he embarks on a new chapter in his career after purchasing a 51 percent stake in La Liga side Real Valladolid.

Ronaldo, 42, acquired the majority stake from club president Carlos Suarez, who owned 66 percent, on Monday for €30 million.

He was unveiled as the new primary owner in a ceremony at Valladolid's city hall and is expected to take over the role of president.

"I've gone through many stages in my football career to prepare for this," Ronaldo said. "Football is all about passion. We want to build the best team possible to compete while also giving information about our management with transparency. I want this new management to be defined in four words: competitiveness, transparency, revolution and social."

Ronaldo has urged the club's fans to be involved in the project.

"Trust us to consolidate Real Valladolid in La Liga and for us to be able to grow the enthusiasm that exists," he said. "We have the best staff to achieve our aim and our objectives, which are to continue to grow as far as our enthusiasm allows us to.

"I invite the fans to take part in this project. Give us ideas, opinions, criticism and hope. I want you to be a part of the present and future of Real Valladolid. Together, I'm convinced that it will be very difficult to beat us."

Valladolid earned promotion back to La Liga in June after a four-year absence and have a reported €25 million debt.

Suarez, at the helm of Valladolid for 17 years, believes selling the majority stake to Ronaldo will make the club stronger.

"Ronaldo's arrival puts Real Valladolid on the map and will allow the club to take a leap in quality," said Suarez, who will remain at the club as a delegate.

A two-time World Cup winner with Brazil, Ronaldo played six seasons in La Liga -- one for Barcelona in 1996-97 and five for Real Madrid, beginning in 2002-03.

He was previously a minority owner of the Fort Lauderdale Strikers, a team in the North American Soccer League, but they folded in 2016, two years after he bought in.

Valladolid mayor Oscar Puente welcomed Ronaldo's arrival and said he can count on his administration's support.

"It's the 90th anniversary of the club, Valladolid has returned to the place it deserves and we've had record numbers of members joining the club," Puente said. "If this were not enough, we are adding a living legend of football, Ronaldo, to the club. The town has the backing of Real Valladolid as it has had in the past."