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'This is perhaps one of the worst teams in recent years, it has no respectable leaders, only average players for the majority,' the Brazilian legend posted on Instagram.
The live games will be geo-blocked so that the service does not compete with existing rights-holding broadcasters of competitions. The matches will also be archived and there are also highlights packages.
Ronaldinho left the hotel where he had been staying since April in the capital, Asuncion, for Rio de Janeiro on a private flight with his brother Roberto.
Ronaldinho has 51.4 million followers on Instagram and on the contrary he follows only 363 people on the popular social media platform.
The 40-year-year-old and his older sibling Roberto Assis spent more than a month in prison for allegedly entering Paraguay with fake passports.
Ronaldinho and his brother will be relocated to a hotel in the centre of Asuncion after agreeing to pay $1.6 million in bail during a court hearing.
Ronaldinho, 39, and Roberto Assis, 49, were detained late on Wednesday for allegedly entering Paraguay with fake passports. The brothers were taken into custody on Friday and spent the night in a police cell with one other inmate.
Gilberto Fleitas, the head of the investigations unit of the Paraguayan police, said Ronaldinho and his brother were taken into custody just hours after a judge refused to ratify a prosecutor's proposal for an alternative punishment.
Ronaldinho and his brother and business manager Roberto Assis both entered Paraguay on Wednesday with false documents, officials said.
Ronaldinho, 39, and Roberto de Assis, 49, were detained in the Paraguayan capital for allegedly entering the country with false passports.