The price Ronaldo paid to beat Liverpool owners FSG to buying Cruzeiro has been revealed.

Ronaldo, currently owner Real Valladolid of Spain, has also completed the purchase of his former club Cruzeiro.

The Brazilian great now holds a 51 per cent controlling stake, paying €62m to complete the deal. Ronaldo saw off competition from FSG to buy Cruzeiro, which currently compete in Serie B.

"It's time to repay what Cruzeiro gave me, bringing it back where it deserves," said Ronaldo, "we have a lot of work ahead of us. I ask the fans to get closer to the team, to go back to filling the stadium, because we will need everything to be united and strong.

"I am ambitious and I have the goal of making Cruzeiro return to the glories of the past. We still have nothing to celebrate, but we have a lot of ambition."