Really, if I’m buying a club and you ask me, would you rather spend money on things to tangibly improve the club’s performance or spend money in the background the make the club long term more financially sustainable (pay debts down)…I’m not so sure if it’s a smart move to pay off all the debts and have less money to show immediate improvements. Right?
I sorta suspect the debts will be with us for some time. That doesn’t mean that an improved positioning of the club after sale might not make the debt move from foreground to background, I just don’t think there’s a reason the new ownership would want to liquidate debts immediately. Unless that somehow needed to be part of the negotiation, but I haven’t heard any reports of that.
In the Valencia purchase, Lim paid them off immediately and it was deducted from the sale price. I’m sure these debts aren’t at the best interest rates, so I would imagine getting rid of it would be simpler than transferring ownership of the debt and continuing the spiraling of Sevilla.
That’s the hope. That the long term sustainability is top priority, I just worry the new guys could continue down the same path as the old guys (ie. Can’t gut the sporting situation to save the $$$ but also can’t totally overspend and make the debt worse)
I really think we should keep LGP for at least another season. The guy is class act based on his interviews, managing the locker room and everything. We have actually played okay with him, he seems to have figured who to play and when to play them, it’s not an easy feat to do it in a few weeks.
Unless the new owners have something completely different in mind - I think keeping LGP would be a good thing for the upcoming transitional season.
The situation around LGP feels a lot like what we had with Mendilibar. The guy works wonders with a squad on its knees, and will instantly get bumped off as soon as the board sees a shiny new plaything to come along.
So how much input does Sergio Ramos actually have in this buyout? Or is he more of a background, silent partner type who is the face of the real hot shots because he is a local boy?
Haven’t dug in recently, but my initial read from a few months back was that while certainly not 51% owner, he certainly has significant skin in the game, I think I recall reading on estimate of 30-40% but definitely don’t take that to the bank, as whatever it was would have been speculation not fact.
I do get the impression that while unable to make decisions himself (honestly that’s not a bad thing: “complete power corrupts completely” and all that), he surely will not just be a mouthpiece, certainly will have a seat at the table.
I’m starting to get a nervous twitch though given that the fans have wholly ditched the current management and the sale hasn’t yet been legally finalized. Like when a player still needs their medical…. unlikely they’ll find anything in the medical, but like Isco in Germany, maybe something else comes up in the meantime to make the parties change their minds.
I’ll be over here holding my breath with a nervous twitch. Let me know when I can open my eyes.
Sooooo… nothing is gonna happen? In the meantime preparations for next season have halted, because no one knows who will be in charge? Sounds like a valid business strategy.
I can’t say I’m surprised with these greedy and power driven shareholders. It reported also ramos and his group not met their money demands or what they promised.
Oh god another year with Junior Del Nido and Pepe Castro with Del Nido Senior still fighting from the outside! lol
If it falls through we now deciding if it Junior continuing or resigning for Castro! While the father still tries to fight for the presidency as the pact draws to its end by 2027! LOL
If this falls through we back to where we were. God knows what side the Americans on at this point! I never known a soap opera like this in Sevilla boardroom!
It seems that 511 Capital were not part of the bid that Ramos presented today, instead there was a much lower bid (reported at around €100 million for 18%) supported by a Mexican partner who it’s claimed Ramos knows from his time at Rayados.
Whatever happens, it seems the “third way” bid, which was initially rejected for being too low, may now be the only reasonable course should the shareholders still wish to sell (although there are claims that the board are suggesting there are still other interested parties).
In the current circumstances, it seems as though Sevilla are likely to go into next season without any financial boosts, especially as the deadline for declaring next season’s finances is fast approaching.
