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A BOLA – Ronaldo will pay Cruzeiro’s (Brazil) million dollar debt out of his own pocket

Ronaldo ‘Fenómeno’ acquired, on the 18th, 90 percent of Cruzeiro’s shares for 400 million reais, around 62.5 million euros, to become the owner of the Belo Horizonte emblem, the club where he trained as a player. .

In order to be eligible for next season’s Serie B, the Brazilian club has to pay off the many debts it owes to FIFA for having several tranches of unpaid transfers. Sérgio Santos Rodrigues, president of Cruzeiro, revealed that the former striker will pay these debts with his own money.

“In theory, the club must be responsible for this amount, but if it is not paid, we cannot compete. Ronaldo will pay the 7.7 million euros out of his own pocket. Ronaldo and I want to guarantee a good management and good functioning of the club, without unpaid debts and FIFA punishments», said the director.

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