Former Real Madrid and Barcelona striker Ronaldo Nazário is reportedly buying into LaLiga side Real Valladolid.
According to El Larguero, Ronaldo will take a €30m stake in the club, becoming their new president and clearing €25m worth of debt in the process.
Current president Carlos Suárez is expected to stay on as senior executive and run the club on a day-to-day basis.
The two-time World Cup winner already has experience at boardroom level as part-owner of NASL side Fort Lauderdale Strikers, before selling his 20% share in the club last year.
“I want to have experience managing a great club,” he told La Folha de Sao Paulo in January.
“I am thinking about buying a team in the second division in Spain or England. I want to do something innovative. I think I’m ready for that challenge.”
SOURCE :The Nigerian Voice (sport)