Sergio Ramos to Clarify Collapse of Sevilla Takeover Deal

Sergio Ramos is scheduled to hold a press conference on Monday at 17:00 (5 PM) to clarify the reasons behind the collapse of negotiations for his proposed takeover of Spanish club Sevilla. This development follows a deadlock in talks, prompted by accusations from major shareholders that the player significantly reduced his financial offer and breached an agreement initially reached on May 12. This alleged breach subsequently led to the exclusivity period for the deal expiring on May 31.

Major shareholders of the Andalusian club explained that Ramos's revised offer, submitted last Wednesday, was a primary factor in the breakdown of the negotiation process. The sellers stated it was "the worst offer among all received." This position emerged after the parties had been working since January under a framework that included the acquisition of 85% of the shares for €275 million, alongside the assumption of €85 million in debt and an €80 million capital increase for the club.

Information confirmed that the total financial value of the canceled deal was estimated at approximately €440 million. The club had previously demonstrated flexibility by agreeing to reschedule payments to facilitate the acquisition. However, a sudden alteration in the terms of the latest offer led to the complete cessation of the process. Ramos now plans to disclose details of his stance regarding the accusations made by the shareholders during his anticipated media appearance.