Ronaldo splashes out €30m to become Real Valladolid president

Ronaldo splashes out €30m to become Real Valladolid president

- Ex-Real Madrid ace Ronaldo has invested €30m worth of shares in Valladolid

- Carlos Suarez current president will remain as the club's managing director

- The Brazilian is set to beat businessman Ernesto Tinajero to take charge of the Spanish club

Brazilian football legend Ronaldo is closing in on becoming the president of Spanish topflight side Real Valladolid after splashing out about €30million to emerge as the club’s leading shareholder.

According to a UK Daily Mail report, citing reports on Spanish radio programme El Larguero, the Real Madrid icon is to become the club's president after investing €30m (£27.2m) in shares in the La Liga club.

The report noted that current president, Carlos Suarez, will reportedly continue as the managing director of the club.

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Interestingly, the sealing of deal will end to months of discussions between Valladolid and Ronaldo and will see the former Inter Milan ace topple Mexican business guru Ernesto Tinajero to assume ownership of the club.

Already, Suarez reportedly did not respect a pre-contract deal with Tinajero to stop the Mexican taking charge at the club.

Valladolid returned to the Spanish topflight this campaign and a mixed-fortune of result after playing out a draw with Girona as well as losing narrowly to Barcelona.

Previously, Ronaldo has declared his intention to run a club in Spain or England before venturing into Brazilian Football Federation, saying: “It would be a great honour to be the president of the Brazilian Football Federation but before that I want to experience running a great club.”

Currently, Ronaldo is an ambassador for the Los Blancos and has also partnered with American side Fort Lauderdale Strikers, who play in the North American Soccer League, buying a 20 per cent stake in 2014.

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However the Selecao ace and World Cup winner sold his stake at the club in 2017.

Meanwhile, previously had reported that Brazil legend Ronaldo has been discharged from the hospital following the brief illness that landed him on the sick bed.

The 41-year-old was struck by pneumonia while on summer holiday in Spain and he was quickly rushed to a hospital.

He was said to have spent some time in the intensive care unit of the hospital following the doctors' diagnoses.

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