Sergio Ramos’ proposed takeover of Sevilla has been delayed amid growing concerns over the club’s precarious La Liga position.
The former Real Madrid captain has been in talks to become the majority owner of his boyhood club through a consortium backed by Five Eleven Capital.
An agreement in principle has already been reached between both parties, but the process remains far from completion.
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Ramos and his group are currently conducting due diligence, a phase that is expected to stretch well beyond the end of the season.
According to reports in Spain, a final resolution is now unlikely to arrive before June at the earliest.
The uncertainty surrounding Sevilla’s on-pitch situation has emerged as a major stumbling block.
Relegation could force major renegotiation of Sevilla valuation
Sevilla are currently sitting 15th in La Liga, only two points above the relegation zone with several games still to play.
Club officials have previously explored the possibility of bringing Ramos back as a player, though that option has since been ruled out.
The agreed deal would see Ramos’ consortium acquire 65 percent of the club’s shares for a reported €450 million.
However, relegation to the Segunda Division could dramatically reduce Sevilla’s valuation, potentially slashing it by up to half.
Such a scenario would almost certainly trigger fresh negotiations over the purchase price, reports Football Espana.
There is also concern that failure to reach a compromise could cause the entire takeover to collapse.
Sevilla supporters remain anxious as the club battles to avoid another damaging chapter in its recent struggles.
Ramos is believed to have long-term ambitions of restoring Sevilla to the top end of La Liga, but survival this season remains the immediate priority.
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