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, 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 (XP.O).


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."



It is the second foray into management for the former PSV Eindhoven, Inter Milan, 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."

https://www.walkbrazil4k.com/2021/12/former-brazil-striker-ronaldo-buys.html?m=1

Cc semid4lyfe, honeric01, Mynd44

Good one, investment when you have the opportunity.

philGeo:
Good one, investment when you have the opportunity.

So true

That's a great legacy
Ronaldo.

That's the only ROLNALDO I know.
Any other rolnado abi pelnado is a counterfeit

Good one their eyin

Delima Ronaldo.. your legs were magical..

H

Way to go man..

congrats to the real ronaldo...the best n most complete striker i have seen in football, I remember his doinz in world cup when he was scoring for fun.
was very good with both feed n very talented with mad skills bt injury no allow us enjoy am.

hurryup123:
That's the only ROLNALDO I know. Any other rolnado abi pelnado is a counterfeit

DM de come for u o.

That's how Cristiano Ronaldo will buy small Barca one day... Airnaldo the goat...

Ronaldo De Lima is the first ever Foreign Footballer I felt in love with, after his exploits at the 1996 Olympics in Atlanta Georgia, USA. He infact opened my eyes to Italian Serie A.
He earned less than the likes of Ronaldinho and Andriano, because he cane before them, however he's doing far better than them, including Romaria and Bebeto who were slightly ahead of him.
He invested heavily in maritime, and retired from from football without going Coaching, he was briefly a scout for Real Madrid and Ac Milian, but had to quit, and face his business, he now sits on the Board of two top flight Football Clubs, (Real Villadolid of Spain and Cruizero of Brazil) as the Major Owner.

El Fenomeno

The great striker.....

Ronaldo Lima, the best footballer ever to walk on earth.

This Ronaldo invested massively and that's very rare quality entertainers have.

Congratulations man

So he "owns" 2 clubs now. He "bought" Real Valladolid before they were relegated to Spanish Division 2 last season

Still the best forward ever. This dude is literally the best.

hurryup123:
That's the only ROLNALDO I know.
Any other rolnado abi pelnado is a counterfeit

What a player he was at INTER! Maldini and Gattuso dey suffer to tackle am. #Forzamilan

hurryup123:
That's the only ROLNALDO I know.
Any other rolnado abi pelnado is a counterfeit

not necessary

paulolee:
congrats to the real ronaldo...the best n most complete striker i have seen in football, I remember his doinz in world cup when he was scoring for fun.
was very good with both feed n very talented with mad skills bt injury no allow us enjoy am.

Na CR7 bitterness go finally kee u ... u just can't make a comment without thinking about him... 98% of ur comments on NL must hv Ronaldo in it... only insecure people portray this character

Nigeria ex footballer are busy opening bet every street my question is they were not using their money wisely

Yus2020:
Nigeria ex footballer are busy opening bet every street my question is they were not using their money wisely

Lol

Competence5050:
That's how Cristiano Ronaldo will buy small Barca one day...

no matter how small barca is, dey CNT sell it to an individual like cr7 simply bcoz the legacy dt barca have attained in bigger than all clubs in Portugal put together, if he needs a club, mk e buy from his home town, barca too big for am..
if its all about money or is dt easy, dangote for don de manage gunners by now..

Wetin Ronaldinho take his own money do self.

paulolee:
congrats to the real ronaldo...the best n most complete striker i have seen in football, I remember his doinz in world cup when he was scoring for fun.
was very good with both feed n very talented with mad skills bt injury no allow us enjoy am.

RONALDO R9 was even better than Messi in his prime, although Messi is the closest to him I have ever seen.

Ayoleeboy007:
Wetin Ronaldinho take his own money do self.

my thought exactly.
I ko be football fan neither do I watch it.. But what happened to that guy?

JohnAOne:
RONALDO R9 was even better than Messi in his prime, although Messi is the closest to him I have ever seen.

hmm...u think so?

We'll hit FP soon!
A good investment.