JUST IN: Sergio Ramos buys Sevilla football club

JUST IN: Sergio Ramos buys Sevilla football club

Five Eleven Capital, the investment group linked to Sergio Ramos, are on the verge of completing a takeover of Sevilla, with final steps reportedly being pushed through this week

According to multiple reports, negotiations were accelerated ahead of Sevilla’s final LaLiga fixtures, with only regulatory approval from the Spanish National Sports Council and completion of paperwork now remaining.

The deal is said to be valued at around €450 million for a majority stake, although the figure could be adjusted depending on whether the club avoids relegation.

As part of the agreement, the consortium is expected to clear Sevilla’s existing debts and inject an additional €80 million to €100 million in fresh capital to stabilise the club’s finances and restore spending power under LaLiga’s financial fair play regulations.

The group reportedly entered the race after an American investor backed out following a review of Sevilla’s financial situation. Despite this, Ramos’ side proceeded, signing a letter of intent in January and securing an exclusivity period to finalise discussions.

That exclusivity window is set to expire on May 31, but the deal is now expected to be completed ahead of schedule, with the consortium aiming to provide early financial stability ahead of the club’s remaining matches.

Idowu Babalola Photo
Idowu Babalola

Socially Not Social. IG & Twitter - @Braggamando

All author posts
Related Posts
It’s the darkest day i’ve had’ – Ole Gunnar Solskjaer speaks following Manchester United’s humiliating 5-0 defeat by Liverpool
It's the darkest day i've had' - Ole Gunnar S...

Manchester United manager, Ole Gunnar Solksjaer has stated he won’t resign after he was humiliated 5-0 by Liverpool at...

Court Remands Ex-Barcelona Star, Dani Alves In Prison
Court Remands Ex-Barcelona Star, Dani Alves I...

Former Barcelona and Brazil star Dani Alves will remain in custody pending his trial for allegedly r*ping a woman...

D’banj’s gold chain worth millions of naira is stolen on a flight to Lagos
D’banj’s gold chain worth millions of nai...

Dbanj, who is celebrating his 39th birthday today started it with a sad news. The singer was on his...

Write A Comments