Sergio Ramos Sevilla takeover talks collapse amid dispute over new structure | OneFootball

Talks between Sergio Ramos, Five Eleven and Sevilla’s main shareholders have virtually collapsed after the buyers scrapped a January deal and tabled a new structure, according to El Correo de Andalucía.

Sellers say the switch guts the promised investment and shuts out a large slice of the stock initially included.

The binding January letter envisaged about 450 million euros in total, roughly 290 million to acquire around 85% via some 86,000 shares, plus an 80 million capital increase for the club.

Recently the buyers sought instalments rather than cash up front and asked sellers to absorb part of the 2025-26 losses. Sellers agreed to both in principle, provided robust guarantees backed the payments.

At a Sevilla Center meeting set to clarify those guarantees, the buyers instead proposed a different route, first a 120 million capital increase for about 42%, then a near 18% purchase for around 100 million, giving roughly 60% without the originally pledged volume of shares.

That would mean buying about 30,000 shares rather than 86,000 and cutting the outlay from roughly 450 million to near 220 million. Sellers also warn that entering via a capital increase could enable further issues that dilute non-participants.

They insist any capital increase should follow the 85% purchase. Barring a late twist, the change in conditions amounts to a de facto rupture of the deal. Five Eleven was absent from the meeting, amid talk of a new investor imposing terms viewed as the lowest and worst for most shareholders.

Source: El Periódico Mediterráneo