Latest Breaking News On - Cruzeiro - Page 4 : comparemela.com
Former striker Ronaldo has agreed to sell his stake in Brazilian club Cruzeiro. In December 2021, the 47-year-old former Ballon d’Or winner bought a controlling 90 per cent stake at Cruzeiro, the club where he started his career, for $70million (£62.2m). Ronaldo’s shares were through his company Tara Sports Brasil, but the club confirmed on Monday that they had agreed to sell the stake to BPW Sports company, led by Pedro Lourenco owner of the supermarket chain Supermercados BH.Under Ronaldo's ownership, the club returned to the Brazilian top-flight and their debt of $195m was reportedly cleared.A Cruzeiro club statement read: "(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 added that the administration had ensured the club's "credibility had been restored", allowing them to maximise sponsorship opportunit
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