Ronaldo sells his share in the Spanish club Valladolid

Nai Valladolid, Spain, announced that the former Brazilian player Ronaldo will sell his share in the club.

Valladolid, who will play in the second division next season, said in a statement that he had received a notification from Ronaldo to complete a sale deal to “an investment group from North America with the support of a European fund.”

The club stated that it will announce more details in the coming days.

Ronaldo accounted for 51 percent of Valladolid Club shares in 2018.

Valladolid fans protested the team’s performance this season and demanded Ronaldo to sell the part he owns from the club because of the team’s performance in the Spanish League. The team spent most of the last season at the bottom of the standings and was the first team to land from the league.