Peter Lim ‘blocked’ Sergio Ramos-linked group’s Valencia move before Sevilla focus | OneFootball

Mexican group DMI, linked to Sergio Ramos, first targeted Valencia before switching focus to Sevilla. El Correo de Andalucía reports that Peter Lim, Valencia’s majority shareholder, blocked any move to open formal talks.

The twist lands amid Sevilla’s fraught shareholding landscape. In Nervión, what was initially seen as a classic sports takeover with heavy investment agreed since January has shifted, and the investor profile has stirred fresh doubts.

DMI is rooted in large-scale real estate, from vertical housing to premium residential complexes, malls, hotels and retail assets. That background has sharpened scrutiny of its intentions at Sevilla.

Valencia, like Sevilla, carries significant urban assets, from the Nou Mestalla situation to the exploitation potential of the current stadium and key plots. The approach did not progress.

The breaking point came when the bid was cut to about 222 million euros, a reduction of 154 million from the framework first outlined.

The revamped plan sought initial control via a 120 million euro capital increase through a convertible participating loan. A later share purchase of roughly 102 million euros would then secure a majority, reshaping the ownership balance.

Sellers were alarmed, judging the proposal no longer matched prior terms. Doubts now centre on whether the club’s assets outweigh sporting aims, with Ramos providing visibility while DMI is seen as the real financial engine. The deal’s future is uncertain.

Source: Superdeporte