Real Valladolid approve Ronaldo Nazario's presidential salary

Real Valladolid shareholders have approved the salary of Ronaldo Nazario as the club's president without disclosing the Brazilian's wages.

It was also decided in the meeting that CEO Carlos Suarez will give his place to David Espinar who is set to be Ronaldo's counsellor.

According to El Mundo, Real Valladolid also approved their budget ahead of the new calendar, making a profit of more than nine million euros.

Meanwhile, Suarez will not depart the club as he has been named Real Valladolid's honorary president.