Ronaldo Divests from Real Valladolid Amid Club's Relegation Woes
Source: news.source.channelnewsasia
Brazilian football legend Ronaldo has sold his majority stake in Spanish club Real Valladolid to a North American investment group. The sale comes as Valladolid faces relegation from LaLiga, marking their third relegation since Ronaldo took over in 2018. This move follows Ronaldo's previous divestment from Cruzeiro, the club where he began his professional career.
Key Points
Ronaldo sold his majority stake in Real Valladolid to a North American investment group.
The sale occurred after Valladolid's relegation from LaLiga was confirmed in April.
Valladolid is currently at the bottom of the LaLiga standings with 16 points.
This is Valladolid's third relegation since Ronaldo became the majority owner in 2018.
Ronaldo previously sold his stake in Cruzeiro, his first professional club.
