Former Brazilian striker Ronaldo has become the primary owner of Spanish football club Real Valladolid after buying 51 per cent stakes in the team for 30 million euros.

Welcoming Ronaldo into the management, club president Carlos Suarez hoped that the team would grow in his leadership. "Today is a starting point. Ronaldo personally acquires 51% of the shares of Real Valladolid. He is an idol that falls in love and spreads illusion. The arrival of Ronaldo puts Real Valladolid on the map and will allow the club to take a leap in quality. I welcome you to your home," the club¿s official Twitter account quoted Suarez, as saying.