Sergio Ramos Group Persists in Sevilla Takeover Bid with €362 Million Offer
Spanish star Sergio Ramos, through his investment group which includes the company "Five Eleven," has announced his desire to continue negotiations for the acquisition of Spanish club Sevilla. This comes despite the expiration of their exclusive negotiation period without receiving an official response from the current shareholders. The group clarified that it submitted a final offer last Wednesday aimed at purchasing up to 85% of the Andalusian club's shares, with a total investment of no less than 362 million euros, to ensure the sports institution's stability and overcome its financial setbacks.
The submitted proposal included a capital increase for the club worth 120 million euros, a step Ramos described as essential to secure the team's financial sustainability before the upcoming June 30 deadline, in line with recommendations from La Liga and financial advisors. In this context, Sergio Ramos stated: "We want to continue negotiating the purchase of Sevilla, and we are keen to receive any form of communication from the shareholders to move forward with a process we consider extremely necessary." The Spanish investor added, criticizing the lack of communication: "Unfortunately, we have not received any response since last Wednesday, and the deadline and exclusivity period have ended."
The investment group demonstrated solid financial capability by providing unlimited bank guarantees issued by Santander Bank and another international banking institution to support the offer, which maintains the share price at 3175 euros without adjustment. These moves come at a time when Sevilla FC has suffered significant accumulated losses in recent seasons, coinciding with projections of continued financial deficits, which necessitates urgent intervention to correct the economic course and ensure the club's future competitiveness.
Despite previous accusations from some shareholders that Ramos attempted to mislead them, the former player insists that his group possesses the optimal solution for the suffocating financial crisis the club is experiencing. Ramos concluded his statements by indicating that he hopes the shareholders' silence stems from them having a better offer that serves the future of the Andalusian entity, which faces major challenges before the current financial year closes to ensure its compliance with Financial Fair Play rules.
