Former Barcelona and Real Madrid striker Ronaldo Nazario has concluded his purchase of club Real Valladolid for €30 million (US$35 million), reports, www.sportspromedia.com/.

The deal sees the former Brazil international become the newly promoted club's majority owner, taking a 51 per cent stake and replacing Carlos Suarez – who will remain on the club's board after seeing his 66 per cent holding reduced.

"Ronaldo's arrival puts Real Valladolid on the map and will allow the club to have a bit of quality," Suarez said. "I welcome him to his home."

"We want to build the best team possible to compete and will be transparent in our management," Ronaldo said.

"Trust us to consolidate Real Valladolid in La Liga and for us to be able to grow the enthusiasm that there is.

"Together, I'm convinced that it will be very difficult to beat us. I want everyone to help build this club and I invite the fans to take part in this project. Give us ideas, opinions, criticisms and hopes. I want you to be a part of the present and future of Real Valladolid."

The purchase also end to months of negotiations over ownership of the club, which saw an agreement with Mexican businessman Ernesto Tinajero collapse after Suarez broke a signed pre-contract agreement.