Sergio Ramos has traveled to Sevilla this Thursday to take a closer look at the club’s financial situation, as he plays an active role in negotiations with the main shareholders of Sevilla FC over a potential takeover by investment fund Five Eleven Capital.
The group seeking to acquire a majority stake has hired the prestigious multinational consulting firm KPMG to conduct a detailed financial review.
The consortium, which includes the former Real Madrid CF defender, secured exclusive rights to negotiate the purchase after signing a Letter of Intent (LOI) last January. It is currently carrying out a due diligence process to gain an accurate understanding of Sevilla’s accounts, including its short- and long-term net debt.
Sevilla, which has outstanding loans totaling €180 million with Goldman Sachs and another €127 million with investment fund CVC Capital Partners, would technically be facing dissolution were it not for participating loans and the Spanish government’s moratorium allowing COVID-related losses — amounting to €66 million — not to be counted.
The offer that Five Eleven Capital is reportedly prepared to put on the table for Sevilla ranges between €400 million and €450 million, provided the financial accounts match what has been reviewed so far and, of course, that the club avoids relegation.
