If the first instalment of this story was a corporate thriller, the second is straight-up a mid-afternoon soap opera with Mexican investors, bank guarantees and a countdown clock on screen. Latest on the Ramos-Sevilla saga: the Mexican partners have walked away. And there are nine days for the miracle to happen.
Ramos and Five Eleven Capital had the Sevilla FC takeover virtually wrapped up for over 275 million euros. To reach that figure, they were counting on backing from a group of Mexican investors who would provide part of the capital. Those investors have pulled the plug. Official reason: they couldn't agree on the terms. Unofficial reason: the bank guarantees demanded by the selling party were too demanding.
Sevilla's sellers have given the Ramos group exclusivity until 31 May. In reality, the last proper business day would be Friday 29th. If by then the group hasn't presented credible bank guarantees covering the full operation, the deal collapses. And if the deal collapses, Sevilla goes back on the open market. Nine days. 275 million. Without the Mexicans. The equation is complicated, to put it mildly.
Reports suggest the guarantees are "completely up in the air", and there's also talk of the group urgently seeking alternative financing. In football, where deals of this scale are built over months, trying to rebuild the financial structure in nine days is a balancing act that very few investment funds could pull off.
Sevilla have had tough seasons. The fanbase, one of Spain's most loyal, needs a credible project. Ramos generated hope — he's one of the greats, he's coming home — but financial doubts never quite went away. If the deal falls through, the club is left in limbo that nobody wants: no new owner, uncertainty over who comes next.
If it goes through with new investors in nine days, it would be the final twist of this chapter. And the start of a completely new story for Sevilla. The scoreline today: Ramos 0 – Mexican Investors 1. Nine days left to turn it around. We've seen more unlikely comebacks in football.
The Mexican investors backing Ramos and Five Eleven Capital's operation withdrew, leaving the purchase of Sevilla FC in serious danger just days before the deadline.
The operation valued the purchase of Sevilla FC at over 275 million euros, a figure for which the support of the Mexican investors was key.
The Mexican partners abandoned the operation, complicating the financing that Ramos and Five Eleven Capital needed to close the purchase against the clock.
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