Ronaldo signed on as owner of Cruzeiro

Former Brazilian striker Ronaldo Nazario formally signed the contract in which he became the owner of 90% of Cruzeiroone of the most traditional soccer clubs in Brazil but currently playing in the second division of the Brazilian Championship.

The former Brazilian team player signed on April 8 the contract that led to him, along with his business group, the controller and manager of Sociedad Anónima de Fútbol (SAF) Cruzeiro, reported the management of the Belo Horizonte team to a release.

“Cruzeiro is already effective under the management of Ronaldo Nazario and his business group. Following approval by acclamation last week by the Board of Directors of adjustments to the contract model, Cruzeiro and Ronaldo signed the purchase contract for 90 % of the shares, ”the note said.

The signing of the definitive contract ended nearly four months of negotiations and disputes since December 18, ‘el Fenomeno’ announced a preliminary agreement in which he expressed his desire to control and manage football club that signed him at 18 years and where he was born professionally.

The discovery of debts that did not appear in the initial documentation and the opposition of Cruzeiro’s directors to give all power to the footballer postponed the signing of the agreement and even questioned it.

The first contract established that Ronaldo, the owner of Real Valladolid, would pay approximately 400 million reais (now 85 million dollars) over a number of years for 90% of the sports entity’s shares, and would assume the debts contracted by the team, which they amounted to 1,000 million reais (about 212.7 million dollars).

To fix the deal and include debts that didn’t come out initially, Cruzeiro’s leaders included new assets in the donated portion, such as team training camps.

Although the new contract is unknown, press reports indicate that Ronaldo’s cost will be lower than originally planned.

To give its control and management to a private group, Cruzeiro had to change its laws to become an SAF, the figure with which several Brazilian clubs, such as Botafogo, Vasco da Gama and Bahía, spoke to agreements to be made. through business groups.

Ronaldo only signed the contract after the club’s advisers approved its terms and he did so ten days before the deadline for an agreement expired.

“I feel honored to lead the club’s rebuilding process. Fans and the market can be assured that we will not rest until we implement a good, ethical management model that offers success in sport,” he said. said the former Barcelona striker. and Real Madrid quoted in the statement.

So far, the club’s president, Sergio Sandro Rodrigues, has celebrated the agreement and said he was happy to give the command to Ronaldo and his competent team, where “I am confident that our football will continue on its successful path”.