The former Brazilian footballer, Valladolid’s largest shareholder, buys 90% of the shares of the club where he began his career, with serious financial problems
The ex-Brazilian footballer Ronaldo Nazario will become the majority shareholder of the Cruzeiro club, the same one in which he began his professional career in 1992, as announced this Saturday by the entity of Belo Horizonte. The operation was announced by the president of Cruzeiro, Sérgio Santos, and confirmed by the former player himself, who is also majority shareholder of Valladolid.
As reported by the club, which changed its statutes this Friday to allow the operation, Ronaldo will disburse 400 million reais (62.5 million euros) for the 90% of the shares of the entity, now converted into a commercial corporation.
“I am very happy to conclude this operation. I have a lot to give back to Cruzeiro and I want to take it to the place where it should be“, said Ronaldo in reference to the current situation of the club, in the Brazilian Second Division for two years. According to Ronaldo,” there is a lot of work ahead “and for that the support of the Cruzeiro fans, one of the greats, will be necessary. of Brazilian soccer but that is submerged in a deep financial crisis since 2019, with debts greater than 300 million dollars.
After having played for Cruzeiro between 1992 and 1994, Ronaldo began his European experience, which led him first to PSV Eindhoven, Barcelona, Inter, Real Madrid and culminated in Milan, from which in 2008 he returned to Brazil to finish his career at Corinthians, in 2011.