The possible sale of Sevilla FC is going through a key moment. Next Sunday, May 31, the exclusivity period expires to close the negotiation between the families that own the Andalusian club and the investment group led by Sergio Ramos next to the background Five Eleven Capitalalthough the operation faces financial complications that threaten to delay the agreement.
According to sources close to the negotiation, there are doubts about the financial guarantees of the buyers, especially due to the lack of proof of solvency of some international investors who would support the acquisition of the Sevilla team.
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Sergio Ramos leads the group interested in buying Sevilla
The former soccer player Sevilla FC, Proper Madrid, PSG and Monterey heads together with the Argentine businessman Martin InxCEO of Five Eleven Capitalthe project to acquire more than three quarters of the club’s share capital.
The operation contemplates the purchase of more than 80 thousand shares and a valuation close to $524 million dollars, discounting the institution’s net debt.
Sources close to the process indicated that “an immense majority” of the shares involved in the negotiation are already free of charges, so all that remains is to formalize the signature before a notary.
However, the major problem lies in the overall financing of the operation and the bank guarantees necessary to complete the agreement.
Economic conditions complicate the closing of the sale
The agreed terms establish that the purchasing group must initially pay 60% of the value of the shares, in addition to presenting payment guarantees for the rest of the operation.
Added to this is the commitment to carry out an immediate capital increase of $93 million, a measure considered primary to improve the club’s financial situation and raise the salary limit imposed by LaLiga.
Despite the progress made in recent weeks, everything indicates that the agreement will not be closed before Friday, the last business day of the month.
Given this scenario, an extension of the exclusivity period that was originally concludes on Sunday, May 31.
The delay affects Sevilla’s sports planning
The uncertainty about the sale also has a direct impact on the team’s sports planning. Sevilla FC looking ahead to next season.
Currently, the club works with two key figures on an interim basis: the coach Luis Garcia Plaza and the technical secretary José Ignacio Navarro.
Furthermore, the planned capital increase is key to increasing the economic margin available within the financial relief to watch on of LaLigasomething that Sevilla needs to resolve before June 30.
Without this financial injection, the entity could face significant limitations to strengthen the squad and compete in the transfer market.
The current owners hope to complete the sale of Sevilla
Despite the doubts that arose around the group led by Sergio Ramosthe club’s current shareholders remain confident that the sale will end up being completed.
Even if the former Spanish defender and his partners decided to withdraw from the negotiation, the owners consider that there are other investment groups interested in acquiring the Andalusian club.
The interest in Sevilla FC remains high due to the sporting and commercial potential of one of the most recognized institutions of Spanish and European football in recent decades.
Meanwhile, the Sevilla fans remain attentive to the outcome of an operation that could mark the economic and sporting future of the club in the coming years.
Keep reading:
– Sevilla would not sign Sergio Ramos “even if he wants to play free from payment”, says its president
– How did Matías Almeyda do at Sevilla?
– Sergio Ramos is close to acquiring Sevilla: “Everything is on the right track”
