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...