Ronaldo buys stake in Spanish second-division Almeria

Lisbon: CristianoRonaldoannounced on Thursday that he had acquired a 25 per cent stake in Saudi owned Spanish second division club Almeria. This s...

Lisbon: Cristiano Ronaldo announced on Thursday that he had acquired a 25 per cent stake in Saudi-owned Spanish second-division club Almeria.

"This strategic investment in UD Almeria reflects Ronaldo's long-term commitment to professional football ownership," said a statement from his new sports holding company CR7 Sports Investments which gave no financial details of the deal.

"It has been a long-time ambition of mine to contribute to football," the statement quoted Ronaldo as saying.

Almeria, who were last in the Spanish top flight in 2024, are third in the Spanish second division, one point out of the automatic promotion places.

"Almeria is a Spanish club with strong foundations and clear potential for growth."