Sergio Ramos’ takeover of Sevilla is moving forward after the defender completed due-dilligance on the deal.
Ramos’ Five-Eleven fund was earlier given a period of exclusivity to assess the club’s accounts after having a €450million offer approved by shareholders.
A previous American consortium were put off by the club’s dire situation when they were previously granted the same rights, but Ramos is happy to proceed.
Mundo Deportivo report that Ramos now has until the end of May to finalise the structure of a deal.
The former Sevilla defender and local product will now hold face-to-face meetings with club officials over purchasing 65% of the club’s shares.
However, the situation is fragile, with Sevilla now in a relegation battle, so the picture could change come the end of May.
The conditions
UPDATE: According to a new report from ABC de Sevilla, should the club be relegated, the agreed upon offer will reduce by 25%.
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