Cristiano Ronaldo has become co-owner of Spanish second division side Almería after acquiring a 25% share in the club.

The 41-year-old Al-Nassr forward has bought his stake in Almería, which is 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, Ronaldo said in a statement he was looking forward to working with the leadership team “to support the next phase of the club’s growth”.

The Portugal international 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.”