Off The Pitch can confirm that doubts have arisen over the funding behind the deal between Sevilla FC and the consortium fronted by Sergio Ramos, which is backed by Five Eleven Capital.
According to a source close to the matter, the proof of funding provided by the bidder consisted only of a document stating the consortium’s intention to buy the Spanish club and declaring that the group has the necessary funds, without evidence of money held in escrow or bank statements showing the funds are available.
The source said this is highly unusual for a deal of this profile at such an advanced stage, adding that he would be “surprised” if the takeover were to go through.
🚩NEW: Complications have emerged in Sergio Ramos’ proposed takeover of Sevilla. Sources say some investors behind the bid are reconsidering their position after the selling shareholders made changes to previously agreed terms in recent hours. Concerns also exist over delays to the process and whether the buyers can provide the full capital required for the offer before the exclusivity period expires on May 31.
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