Source: REUTERS/JAKUB PORZYCKI
[Saba Sports News] Recently, Valladolid officially announced that club chairman and majority owner Ronaldo has transferred the majority stake in the club to a North American investment group. The club’s announcement stated: “Ronaldo, Chairman and main shareholder of Valladolid Football Club, announces the signing of an agreement with a North American investment group backed by European funds to transfer the majority stake in the club to the group. This transaction requires administrative approval from the Spanish Higher Sports Council according to current regulations. More details about this new stage and significant projects will be disclosed in the coming days. We thank all fans, the media, and everyone involved for their understanding and support throughout this process. In 2018, Ronaldo acquired a 51% stake in Valladolid for slightly more than €30 million. During Ronaldo’s tenure as team owner, the club twice returned to La Liga and was relegated to the Segunda Division three times. Currently, Valladolid has already secured relegation to the Segunda División. In previous matches, Valladolid fans expressed dissatisfaction with Ronaldo, even throwing fake banknotes with his likeness to protest during games.