Categories: Sports

Cristiano Ronaldo becomes co-owner of Almeria

Portuguese star Cristiano Ronaldo has become a co-owner of Spanish second division side Almeria by acquiring a 25% share in the club.

Ronaldo, 41, bought his stake in Almeria, who are owned by a Saudi Arabian investment consortium led by Mohammed Al-Khereiji, through his recently formed CR7 Sports Investments company.

While the financial details have not been disclosed, the Al-Nassr forward said in a statement he was looking forward to working with the leadership team “to support the next phase of the club’s growth”.

Ronaldo added: “It has been a long-held ambition of mine to contribute to football, beyond the pitch.

“UD Almeria is a Spanish club with strong foundations and clear potential for growth.”

President Al-Khereiji said: “Ronaldo is regarded as the greatest to ever play the game, he knows the Spanish leagues very well and he understands the potential of what we are building here both in terms of the team and the academy.

EPL fixtures: Arsenal face Chelsea title test as Fulham host Tottenham

In 2025, Al-Khereiji’s SMC Group acquired Almeria from Turki Al-Sheikh, who is chairman of the General Entertainment Authority (GEA), a Saudi government department.

Ronaldo spent nine successful years in Spain playing for Real Madrid, winning LaLiga twice and lifting the Champions League four times before joining Italian side Juventus in 2018.

He has played for Al-Nassr in the Saudi Pro League since 2022 and is the best-paid player in football history with an annual salary of £177 million.

Almeria founded in 1989 are third in Segunda, two points off leaders Real Racing with 15 games to go.

The Star

Segun Ojo

Recent Posts

NAFDAC seizes N350m fake alcohol, shuts illegal factories In Lagos

The National Agency for Food and Drug Administration and Control has dismantled two illegal production…

34 minutes ago

Wike-backed PDP releases 2027 election timetable, pegs presidential form at N51m

The Minister of Federal Capital Territory (FCT), Nyesom Wike-backed Peoples Democratic Party (PDP) has released…

1 hour ago

Power Minister resigns to contest Oyo governorship

Minister of Power Adebayo Adelabu has resigned his cabinet position to pursue the governorship of…

2 hours ago

Wale Edun resigned as Finance Minister on health grounds — Presidency

The Presidency has clarified that former Finance Minister Wale Edun and former Housing Minister Ahmed…

3 hours ago

CAN warns cleric over remarks on Adeboye, Oyedepo, Kumuyi

The Christian Association of Nigeria has issued a stern warning to Rev. Isaac Omolehin, founder…

3 hours ago

Nigeria’s ambassador-designate to Algeria dies at 50

The Federal Government has announced the death of Mohammed Mahmud Lele, Nigeria's ambassador-designate to Algeria,…

4 hours ago

This website uses cookies.