Ramos Agrees to Buy Boyhood Club Sevilla, Spanish Media Report
The agreement covers about 80% of the club’s shares and includes a planned €80 million to €100 million capital increase to improve finances.
- On Tuesday, former Spain defender Sergio Ramos and investment group Five Eleven Capital reached an agreement to acquire Sevilla FC, moving closer to purchasing his boyhood club from major shareholders.
- Both parties agreed on a price of over 400 million euros, including debt, with payment schedules dependent on whether the team plays in the First or Second Division next season.
- Ramos and his group must carry out a significant capital increase of between 80 and 100 million euros to address Sevilla's economic problems and improve the salary cap weakened by relegation fights.
- Completion requires authorization from LaLiga and the National Spanish Sports Council, as acquiring 25% or more of a Public Limited Sports Company necessitates prior regulatory approval before the May 31st deadline.
- Ramos, who won 22 major trophies including the World Cup, began his career at Sevilla before joining Real Madrid and Monterrey; the Andalusian club currently sits 13th in LaLiga, fighting to avoid relegation.
45 Articles
45 Articles
Sergio Ramos, the emblematic Spanish footballer of 40 years, retired after finishing his stage in Monterrey of Mexico last December, is very close to buying Sevilla, the club in which he was formed. The former defender, together with the investor group Five Eleven Capital, reached an agreement with the main shareholders of the Andalusian team, according to the media of Spain. The agreement, for approximately 400 million euros (470 million dollar…
Real Madrid former footballer Sergio Ramos reached an agreement with the main shareholders of Sevilla FC for the purchase of the Andalusian club, in an operation that still has to be formalized in notary and receive the authorization of the Superior Council of Sports (CSD).
39-year-old defender can become majority shareholder of the club that revealed him in football
Sergio Ramos could become the new owner of Sevilla. The Real Madrid icon could acquire a majority stake together with investment group Five Eleven Capital.
Sergio Ramos and the group he represents, Five Eleven Capital, have reached an agreement with three of the top shareholders of Seville to close the purchase of the Andalusian club. The owners of the entity, in the absence of this agreement being officially ratified with the signature in notary of the relevant documents, have accepted the conditions and payment guarantees presented by Ramos and his group. It is the final result of the meetings th…
The famous Spanish soccer player Sergio Ramos is currently without an engagement.
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