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“Unworthy of Mr. Ramos”: Sevilla Fumes After Deal Falls Through

Sergio Ramos wanted to buy his beloved club, FC Sevilla, but the deal fell through. Now, the major shareholders have issued a statement sharply criticizing the former player.

The major shareholders include former Sevilla president José Maria Del Nido as well as the Ales, Carrion, Guijarro, and Castro families. In the statement released on Monday, they criticize Sergio Ramos directly and openly. The 40-year-old had broken off negotiations regarding the purchase of the club, which had been ongoing since the beginning of the year, just a few days ago.

The statement says, among other things, that the club has been the victim of a “deception” that “has been in the works for months.” It also speaks of an “obvious lack of respect toward the shareholders and the club,” which is considered “unworthy of a figure as respected and significant in the world of soccer as Mr. Ramos.”

Did Ramos’s side leak information?

It is also pointed out that “in a manner harmful to the club’s reputation, from the circle” of Sergio Ramos, “in brutal violation of the confidentiality agreements signed with the club and the shareholders to protect their information,” information about the club’s finances is being disseminated that is untrue. Details of the misconduct are then listed in 14 points.

Sergio Ramos had already stated prior to the announcement that he intended to comment publicly on the failed negotiations on Monday at 5 p.m. The major shareholders accused him, among other things, of having significantly reduced the original offer. According to them, Ramos and the investment group Five Eleven Capital failed to honor the agreements reached on May 12. They described the new proposal received last Wednesday as “the worst of all the offers received”; Monday’s announcement marked the next clear response directed at Ramos’s side.

Sevilla was hoping for 440 million euros

According to Marca, the parties had previously been working on the basis of the agreement signed in January: the purchase of 85 percent of the shares for 275 million euros, the assumption of 85 million euros in debt, and a capital increase of 80 million euros (a total of 440 million euros). The Sevilla owners are now looking for other interested parties.

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