Sevilla Cancels Sergio Ramos Ownership Deal After Real Madrid Legend Cuts Offer

Sergio Ramos' proposed takeover of Sevilla has completely collapsed after the Real Madrid legend drastically altered the terms of his bid. 

Negotiations were abruptly terminated on Wednesday when the former defender returned to the table with a heavily reduced offer, prompting the selling party to walk away from what was supposed to be a historic deal for the Andalusian club.

According to El Desmarque, Sevilla have ended negotiations with Ramos and his investment group following a dramatic shift in their proposal. 

Two weeks ago, a letter of intent was signed for a massive €440 million takeover. This initial agreement included €80m for a capital increase, €290m for shareholders, and the remaining funds allocated to clear the club's estimated net debt. 

The selling party had even agreed to grant a payment extension while absorbing any losses incurred until the final signature. 

Ramos had assured the current owners that the payment guarantees would be provided, making the sudden U-turn this Wednesday highly unexpected.

(Getty Images Sport)

The situation deteriorated when Ramos arrived at Wednesday's meeting with a new representative. Roberto Alvarez, a prestigious sports lawyer acting on behalf of a Mexican family set to co-lead the project, replaced the previous advisors. 

The new consortium presented radically different terms, cutting the valuation in half to a €220m operation. Under this revised structure, €120m would be injected into an urgent capital increase, giving the group a 42% controlling stake. 

The remaining €100m would then be used to purchase another 18% from existing shareholders, granting them total control while rendering the remaining shares essentially worthless.

Unsurprisingly, the current ownership