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Sergio Ramos’ proposed takeover of Sevilla has completely collapsed after the Real Madrid legend drastically changed the terms of his bid.
Negotiations were abruptly ended on Wednesday when the former defender returned to the table with a heavily reduced offer, prompting the selling party to walk away from what was supposed to be a historic deal for the Andalusian club.
A sudden change of heart
According to El DesmarqueSevilla have ended negotiations with Ramos and his investment group after a dramatic shift in their proposal.
Two weeks ago, a letter of intent was signed for a massive takeover of 440 million euros. This initial agreement contained €80 million. for a capital increase, €290 million. to shareholders and the remaining funds set aside to clear the club’s estimated net debt.
The selling party had even agreed to give a payment extension while absorbing any losses until the final signature.
Ramos had assured the current owners that the payment guarantees would be made, making the sudden U-turn this Wednesday very unexpected.
The reduced proposal
The new consortium presented radically different terms and halved the valuation to an operation of DKK 220 million. EUR. Under this revised structure, 120 million EUR will be injected into an emergency capital increase, which gives the group a controlling share of 42%.
The remaining 100 million The EUR will then be used to buy an additional 18% from existing shareholders, giving them total control while essentially rendering the remaining shares worthless.
Sevilla walk away from Ramos deal
Not surprisingly, the current ownership immediately rejected the amended proposal. The selling party unilaterally broke the agreement, believing that the new financial conditions were completely unacceptable for the club’s future.
Without specifying which shares they intended to buy, the potential buyers planned to launch a general public offering, a move that would leave current owners severely marginalized.
Furthermore, this downgraded bid was actually significantly lower than an alternative proposal previously submitted by another investment group that the board had not even entertained at the time.
The sudden collapse leaves everyone involved feeling as if five long months of intense negotiations have been completely wasted.
La Liga side in race against time to find new buyer
Sevilla now face a race against time to secure vital investment. As the mandatory capital increase remains an absolute necessity, the club must quickly seek out a new buyer.
Fortunately for the Andalusian outfit, several new investors have already knocked on the door to reactivate their interest, meaning that new negotiations could begin very soon.
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