According to reports in Spain, the former Real Madrid captain and his investment group returned with a significantly reduced proposal, prompting Sevilla’s current ownership to walk away from discussions.
A letter of intent had reportedly been signed two weeks earlier for a €440 million takeover package, which included funds for shareholder payments, debt clearance and a capital increase.
Ramos had also assured the club that payment guarantees would be provided, making the sudden revision a major shock.
The situation changed completely when the Real Madrid legend appeared at a key meeting with a new representative and a revised bid worth around €220 million, effectively cutting the original valuation in half.
Sevilla’s ownership immediately rejected the proposal, viewing the revised terms as unacceptable and damaging to the club’s future. The collapse ends months of intense negotiations and leaves the ambitious takeover project in ruins.