Ronaldo Sells Majority Stake in Cruzeiro Amid Financial Reforms

The soccer legend has divested from the Brazilian club, signaling a shift in his sports investment strategy.

Ronaldo sold his 90% stake in Cruzeiro, which he acquired in 2021, to BPW Sports.
Under his ownership, Cruzeiro cleared its substantial debt and returned to Brazil's top soccer league.
The sale follows criticism from fans and a series of poor performances by the club.
Ronaldo will continue to serve on Cruzeiro's board of directors after the sale.
He is also planning to sell his stake in Spanish club Real Valladolid.