sport news Brazil legend Ronaldo confirms plans to sell stakes in two clubs... with the ... trends now
View
comments
Two-time World Cup winner Ronaldo has confirmed a deal to sell his stake in Brazilian side Cruzeiro, before revealing plans for a similar sale at Spanish outfit Real Valladolid.
The 47-year-old had bought a controlling stake of 90 per cent in Cruzeiro in December 2021.
Ronaldo bought the stake in the club where he started his career for £62.2m, with the deal completed through his company Tara Sports Brasil.
He has been credited with helping to clear the club’s reported debt of around £160m, while Cruzeiro were promoted back to the Brazilian top flight in 2022.
Ronaldo, who is set to remain a board member, has reportedly faced criticism from fans for failing to invest as much as he initially promised into the club.
Ronaldo has agreed a deal to sell his 90 per cent stake in Brazilian top flight club Cruzeiro
Ronaldo has faced criticism from Cruzeiro supporters over a perceived lack of investment
Cruzeiro confirmed on Monday that BPW Sports, a company linked to businessman Pedro Lourenco, have signed an agreement to take over the club.
Reports have claimed Ronaldo has sold Cruzeiro for £93m.
Related posts
