Ronaldo

Ronaldo buys the club where he made his name + details

Ronaldo, the owner of the Spanish team Valladolid, along with the head of the Brazilian team Sergio Santos Rodriguez, confirmed the agreement.

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Ronaldo is a Brazilian professional footballer. Ronaldo is a football genius and is considered Messi's rival. Ronaldo has just bought a club. This club is where Ronaldo played football.

Ronaldo Nazario is the new owner of Cruzeiro, the team where he rose to fame and allowed him to move to Europe.

Also owner of Spanish side Real Valladolid, Ronaldo confirmed the agreement alongside the president of the Brazilian team, Sergio Santos Rodrigues.

The deal was signed on Saturday in Sao Paulo, with more details to be confirmed in the coming days.

Ronaldo's aim is to take Cruzeiro back to the top flight of Brazilian football, having been relegated in 2019.

"I say that I have a lot to contribute, we have a lot of work ahead and ambition to make something big out of Cruzeiro," the former striker said, speaking live on Instagram about the deal.

Cruzeiro become the second team owned by Ronaldo alongside Real Valladolid, who play in LaLiga Smartbank following relegation from LaLiga Santander in 2020/21.

Retired Real Madrid and Brazil striker Ronaldo has bought a controlling stake in his former club Cruzeiro, the player and the club said on Saturday.

 

Ronaldo's new club

 

Ronaldo

Ronaldo, who played for Cruzeiro as a teenager in the early 1990s before going on to become one of the most successful centre forwards in footballing history, did the deal with the help of Brazilian investment bank XP.

The transaction, which was done through Ronaldo's Tara Sports company and is still subject to what the bank called "a series of conditions," sees the 45-year-old invest 400 million reais ($70 million) in the Belo Horizonte club, which has spent two years in Brazil's second division.

"I am so happy to have concluded this operation," Ronaldo said in a video posted by the Cruzeiro president, adding, while holding one of the club's blue shirts, that he wants to "give back to Cruzeiro and take them where they deserve to be."

"We have a lot of hard to work to do. There's nothing to celebrate yet but we bring a lot of hard work and the ambition to make Cruzeiro great again."

On Sunday, he wrote on Instagram: "It's my turn to try and open doors for the team. Not as a hero. Not with superpowers to single-handedly change reality. But with immense responsibility. With intelligent and sustainable management for medium- and long-term growth."

"I don't have all the answers to the questions that I ask myself and I possibly won't have all the answers to the questions that you will ask me," he wrote in an open letter to fans.

"What I do know is that the kid who learnt at Cruzeiro that dreams can come true today makes me believe that it is possible to rescue the club from its crisis."

It is the second foray into management for the former PSV Eindhoven, Internazionale, AC Milan, Barcelona and Corinthians striker. Ronaldo bought a 51% stake in Spanish club Real Valladolid in 2018.

Neither he nor Cruzeiro provided any significant details but XP said in a statement "it seeks to help the Brazilian football industry with professionalisation, capitalization and opening new opportunities."

Ronaldo posted a blue heart and a fox -- the Cruzeiro mascot -- on Twitter, and a club spokesperson confirmed the deal.

Cruzeiro also told the fans they were "phenomenal", in a reference to Ronaldo's nickname as a player, "Ronaldo Fenomeno".

The deal comes a few months after the Brazilian Congress sanctioned a law allowing football clubs, historically fan-owned and closed off to outside investors, to become businesses.

"This is the first bit of business in a relevant new front for the investment banking market in Brazil, the country of football," said Jose Berenguer, CEO of Banco XP.

"I have no doubt this is transformational in the history of Brazilian sport. We will have clubs that are stronger, with the capacity for global investment. Brazilian football will never be the same again."

 

Ronaldo's Biography

 

Ronaldo

Cristiano Ronaldo was born on 5 February 1985, in Madeira, Portugal, to Jose Dinis Aveiro and his wife Maria Dolores dos Santos Aveiro. His father was a gardener with the municipality while his mother worked as a cook. Ronaldo was the youngest child among four children; others being a son and two daughters.

Ronaldo was expelled from the school after he assaulted his teacher by throwing a chair at him. He had always been a keen footballer and by the time he was 14 years old, he decided to concentrate on becoming a professional footballer. Ronaldo had been playing for Andorinha since he was eight.

In 1995, Cristiano Ronaldo joined the club ‘Nacional’ located in his home town of Madeira and following his good show for them he joined one of the biggest clubs in Portugal, namely, ‘Sporting CP’ after clearing a trial.

 

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