Ronaldo has bought a 51 percent stake in Valladolid for a reported €30m.
“We want to grow the club as much as our enthusiasm permits," explained Brazil's all-time top goalscorer alongside predecessor Carlos Suarez.
“I can assure you that I have love inside of me for Valladolid and Real Valladolid.
“For me it's a very important day. I've gone through many stages to prepare myself in and out of football."