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Ronaldo’s drastic decision that affects Cruzeiro of Brazil

Cruzeiro from Brazil received a hard blow in recent days. Ronaldothe Phenomenon, will no longer own the majority of the team’s shares after transferring the majority of its shares to a prominent Brazilian businessman.

In 2021, the two-time world champion with Canarinha (’94 and 2002), had taken over 90% of the ownership of the club that formed him.ó and launched him to fame in a figure close to 78 million dollars.

An administration that was characterized by a notable financial and sporting restructuring. He reduced the team’s debts by almost half and quintupled revenues, thus returning Raposa to the elite of Brazilian football after returning to the Brasilerao Serie A in 2023.

“My intention was always to rebuild Cruzeiro and put it in its proper place,” the former Real Madrid player said at the time. regarding one of the most traditional football clubs in that country.

The same one who had fallen from grace after winning the Brazilian championship titles in 2013 and 2014, in addition to the crowns in the Brazilian Cup in 2017 and 2018. Period after which he had to face difficult times after his relegation to Serie B and the certain threat of even reaching the third category of football in that country.

After the transfer is completed, the Belo Horizonte team itself made the new administration official of the most popular team in the state of Minas Gerais.

“After weeks of conversations and negotiations, Ronaldo and the company BPW Sports, linked to businessman Pedro Lourenço, signed an agreement to acquire all the shares of Tara Sports Brasil, the company that owns 90% of Cruzeiro SAF. If the operation is completed, Ronaldo will continue as a member of the SAF board of directors, confirming his commitment to the future of Cruzeiro”, established the document published in official channels.

Likewise, he added that “in just over 24 months of work, the businessman led an administration that brought a new perspective to the club (…) In the sports field, in the first year of management, The men’s professional team won the Serie B title several rounds early, placing Cruzeiro back in the first division of the Brazilian Football Championship. In 2023Cruzeiro qualified for the Copa Sudamericana.

According to Brazilian media, the former player ended his time as majority shareholder of the club. after selling his stake to Pedro Lourenço, the magnate owner of the BH supermarket chain, in a transaction valued at nearly 117 million dollars. Situation that gives the employer control of 90% of the team.

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