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Ronaldo Nazario is the new owner of Cruzeiro, the team where he rose to fame and allowed him to move to Europe. Also owner of Spanish side Real Valladolid, Ronaldo confirmed the agreement alongside the president of the Brazilian team, Sergio Santos Rodrigues.
In 1994, the Brazilian real replaced the cruzeiro real at the rate of 1 Brazilian real to 2,750 cruzeiro reals, the average exchange rate of the US dollar. It was done to stabilise the country's economy.
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    Cruzeiro (Portuguese meaning the Southern Cross, the Brazilian national symbol) is a municipality in the state of So Paulo in Brazil. It is located about 220 km (137 mi) from the state capital.
    The club was founded on 2 January 1921, by sportsmen from the Italian colony of Belo Horizonte as Societ Sportiva Palestra Itlia. As a result of the Second World War, the Brazilian federal government banned the use of any symbols referring to the Axis powers in 1942.
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