[Saba Sports News] According to Spanish media reports, Sergio Ramos is poised to take charge of Sevilla and intends to pay compensation to terminate the contracts of several high-earning players. Ramos has reached a preliminary deal with foreign investment firm Five Eleven Capital to acquire the club, a move expected to put an end to widespread criticism targeting the current management over pushing the club towards financial collapse. Prior to the official signing of the agreement, the acquiring party has laid bare the club’s grim financial situation. It is reported that the incoming owners will launch an unprecedented urgent financial overhaul. Their appointed financial experts have completed a comprehensive audit in the Andalusian capital. The findings expose extremely severe financial troubles at the club. The report indicates that excessive wage bills for high-salaried players have become a structural financial burden, draining the club’s annual funds and severely restricting its ability to build a competitive squad in the transfer market.
The editor believes Five Eleven Capital has set a clear strategy. It would rather bear the costs of large-scale squad cuts this summer than keep underperforming players for another season, so as to sort out finances and get prepared for future transfer windows.