Sergio Ramos ‘agrees’ €450m deal to buy Sevilla with North American investors | OneFootball

A consortium led by Sergio Ramos has reached an agreement to buy a majority stake in Sevilla, with three games left in La Liga. Diario AS reports that the deal was struck after lengthy meetings at the club offices on Monday. Earlier indications were that the group would wait until the season ended and survival was confirmed, but the process has accelerated.

The ownership group fronted by Ramos and Five Eleven Capital convinced the current majority shareholders with payment guarantees. The transaction now awaits the signing of contracts and approval from the High Court for Sport.

In January, Ramos and Five Eleven Capital signed a declaration of intention to purchase the majority of shares, then negotiated price and conducted due diligence. The plan includes issuing new shares to inject €80-100m, easing finances at the Ramon Sanchez Pizjuan and improving the salary limit to enable squad investment next season.

A change of ownership could offer a reset for a side on a downward trajectory over the past four years. It is not ruled out that Ramos replaces current president Jose Maria del Nido Carrasco, which would remove the del Nido family from the boardroom for the first time in the 21st century.

For three to four years, supporters have repeatedly called for the board to resign amid anger over financial mismanagement. Ramos was a controversial figure on his return as a player two seasons ago, but this move could shift the mood among Sevilla fans.

Source: Football Espana