Ronaldo becomes majority owner of Real Valladolid after investing £27m

- Brazil icon Ronaldo is now Valladolid chairman after investing £27m worth of 51 per cent stake

- Former chairman Carlos Suarez sold the shares to the football legend

- The Brazilian icon defeated businessman Ernesto Tinajero to take charge of the Spanish club

Brazil legend Ronaldo has emerged the majority owner of La Liga side Real Valladolid.

According to a UK Sun report the-time World Cup winner purchased a 51 per cent stake in the La Liga club for £27million today, Monday, September, 2018.

The 41-year-old football legend Ronaldo, 41, bought the shares from the club’s president Carlos Suarez, who will maintain his position at Valladolid.

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Currently placed 16th in La Liga log, Ronaldo who plied his trade with likes of Real Madrid, Barcelona, AC and Inter Milan star in his active days, has appealed to the club supporters to rally around and help reposition Valladolid going forward.

"I have gone through many stages in my training in football to prepare myself. Football is a passion.

"We have the best resources to meet our goals, goals that are not going to stay here because we want to grow to achieve our dreams.

"This new management will be defined by four words: competitiveness, transparency, revolution and social.

"I assure you that you will find me as a lover of Castilla-Leon, Valladolid and Real Valladolid.

"We want to form the best possible team to compete and report clearly our management. There will be a clear social content in all our actions.

"I want everyone to form this club and invite the fans to participate in this project. Give us ideas, opinions, criticisms and hopes. I want you to be part of the present and future of Real Valladolid,” noted the Brazilian who will now act as the chairman of the board of directors.

Reacting on the latest development at the club the former chairman Suarez revealed how it all started.

"Ronaldo acquired 51 per cent of the shares in a personal capacity. It was at the end of July when we started talking.

"It was not an economic issue, but now Valladolid can play in other leagues, Ronaldo puts us on the map now.

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"I thought it was the best for the club, and that's what I bet, you'll see that it's the ideal option for Valladolid.

"I welcome you to your home,” he said.

Interestingly, Ronaldo claimed two La Liga titles with Real Madrid and the Copa del Rey with Barcelona during his spell at the Spanish topflight.

Meanwhile, Legit.ng previously had reported that 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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