
Sergio Ramos Secures €450M Deal to Take Majority Control of Sevilla
AI Summary
A significant shift in ownership is on the horizon for Sevilla FC, as a conglomerate led by Sergio Ramos has reached an agreement to acquire the majority share in the club. This development comes with just three games remaining in the current La Liga season.
After extensive discussions held at the club's offices on Monday, Diario AS reports that Ramos and his investment group have successfully negotiated terms with Five Eleven Capital. They have provided assurances regarding payment guarantees and are now poised for the contract signing, pending approval from the High Court for Sport.
Key details of the agreement include:
- A total payment of €450 million for the majority of Sevilla's shares.
- An injection of €80-100 million aimed at improving the club’s financial situation at the Ramon Sanchez Pizjuan stadium.
- Enhanced salary limits to facilitate greater investment in the squad for the upcoming season.
This ownership change could signal a new beginning for Sevilla, which has struggled over the past four years. There's speculation that Ramos might take over from current President Jose Maria del Nido Carrasco, potentially marking the end of the del Nido family's influence in the boardroom for the first time in the 21st century.
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