Brazil legend, Ronaldo Nazario Luis de Lima, has bought La Liga club Real Valladolid following the completion of his €30m (£27m) takeover.
The former Real Madrid star now owns 51 percent of the club.
He was unveiled in the town’s city hall alongside president Carlos Suarez and city mayor Oscar Puente on Monday.
According to El Larguero, Valladolid are in debt to the tune of €25m and Ronaldo’s plans for the club helped him beat out bigger offers from China and Latin America.
“We want to build the best team possible to compete and will be transparent in our management,” Ronaldo said.
“Trust us to consolidate Real Valladolid in La Liga and for us to be able to grow the enthusiasm that there is.
“Together, I’m convinced that it will be very difficult to beat us. I want everyone to help build this club and I invite the fans to take part in this project. Give us ideas, opinions, criticisms and hopes.
“I want you to be a part of the present and future of Real Valladolid.”