Africana55 Radio 
English
Afrikaans
Albanian
Amharic
Arabic
Armenian
Azerbaijani
Basque
Belarusian
Bengali
Bosnian
Bulgarian
Catalan
Cebuano
Chichewa
Chinese (Simplified)
Chinese (Traditional)
Corsican
Croatian
Czech
Danish
Dutch
Esperanto
Estonian
Filipino
Finnish
French
Frisian
Galician
Georgian
German
Greek
Gujarati
Haitian Creole
Hausa
Hawaiian
Hebrew
Hindi
Hmong
Hungarian
Icelandic
Igbo
Indonesian
Irish
Italian
Japanese
Javanese
Kannada
Kazakh
Khmer
Korean
Kurdish (Kurmanji)
Kyrgyz
Lao
Latin
Latvian
Lithuanian
Luxembourgish
Macedonian
Malagasy
Malay
Malayalam
Maltese
Maori
Marathi
Mongolian
Myanmar (Burmese)
Nepali
Norwegian
Pashto
Persian
Polish
Portuguese
Punjabi
Romanian
Russian
Samoan
Scottish Gaelic
Serbian
Sesotho
Shona
Sindhi
Sinhala
Slovak
Slovenian
Somali
Spanish
Sudanese
Swahili
Swedish
Tajik
Tamil
Telugu
Thai
Turkish
Ukrainian
Urdu
Uzbek
Vietnamese
Welsh
Xhosa
Yiddish
Yoruba
Zulu
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free
Sign up to Miguel’s Delaney’s free weekly newsletter
Brazil great Ronaldo has agreed to sell his majority stake in Cruzeiro, the club where he made his senior debut, the Brazilian Serie A team announced on Monday.
Ronaldo, 47, agreed with BPW Sports company to sell the 90% stake he acquired in 2021 for $70m (£56m) through his company Tara Sports Brasil.
No details were given on how much BPW Sports are paying for the stake.
The former Barcelona, Inter Milan and Real Madrid forward helped clear the club’s $195m (£156m) debt and led their return to the domestic top flight in 2022 after three seasons in Serie B.
However, a recent run of poor results sparked criticism and led to some fans to call for his departure.
“Ronaldo and BPW Sports signed an agreement to acquire all the shares of Tara Sports Brasil, the company that owns 90% of Cruzeiro SAF,” the club said in a statement.
“(Ronaldo) led an administration that brought a new perspective to the club, implementing professional management and a governance structure in line with international best practice.
“Cruzeiro’s credibility was restored, attracting important partners and sponsors, with contracts that set record figures for the club.”
Ronaldo, who won the World Cup with Brazil in 1994 and 2002, will continue to serve as a member of Cruzeiro’s board of directors upon approval of the deal by Brazil’s Administrative Council for Economic Defense, the club added.
Ronaldo made his professional debut with Cruzeiro as a 16-year-old in 1993 before going on to become one of the best strikers in world football.
“A mix of feelings hit me today, but above all, the feeling of fulfilment,” he told a news conference. “It’s impossible not to remember when I took on the great challenge of buying Cruzeiro.
“We’ve faced many challenges, the majority of which we’ve overcome. We’ve stumbled along the way, but today I can say that I’m handing Cruzeiro over with a sense of having done my duty, given that the club’s situation was very precarious.”
Ronaldo now looks set to sell his 51% stake in Spanish second-tier side Real Valladolid.
“Valladolid is next,” he told reporters.
Reuters