Ronaldo and Real Valladolid: Understanding O Fenômeno’s Purchase of a Modest La Liga Club

Back in September 2018, modest Real Valladolid, recently promoted from Spain’s second division, sparked a surprise with an announcement. Ronaldo, the Brazil legend who had previously played in Spain with Barcelona and Real Madrid, purchased 51 percent of the club and by the end of the month, became the club’s president, taking over from Carlos…