Sergio Ramos's investment group, Five Eleven Capital, is finalizing a bid lower than the initial 450 million euros to buy the majority stake in Sevilla FC. Shareholders granted exclusivity in January after initial review, now extended. Negotiations will start in about two weeks.
Five Eleven Capital, led by Sergio Ramos, presented an offer of around 450 million euros to Sevilla FC's main shareholders in January, leading them to grant exclusivity in the purchase process. A thorough review of the club's accounts has been conducted, extended by two weeks beyond Holy Week.
The investment group now knows Sevilla's economic situation, with 88 million euros in debt, 50 million in losses last year, and three points from relegation. They are shaping the definitive bid, lower than the initial one, with negotiations set to begin in about two weeks and last roughly one month.
Current president José María del Nido Carrasco stated after a floral offering: “They haven't told me whether this will happen or not.” He noted he is not involved and his continuity depends on the sale. He mentioned plans to sell Lukebakio and Badé for 70 million this summer.
Previous bids from American funds and Antonio Lappi were rejected. Martin Ink, president of Five Eleven Capital, attended the Sevilla-Rayo match on March 8 and said: “The operation is going well.” The group is aware of changes like sacking Matías Almeyda and hiring Luis García Plaza, and assures it has sufficient funds.
