The Werthein family, a Mexican fund, and Five Eleven Capital now jointly control Sevilla FC, with defender Sergio Ramos serving as the public face of the deal. The club’s operational model draws inspiration from the City Football Group.
Sevilla has entered a new era. The club is no longer owned by José María del Nido or the Carrión, Alés, and Castro families—longtime shareholders. Instead, it now belongs to an Argentine investment group led by a previously obscure company based in Malta. Sergio Ramos is the figurehead of the transaction, but behind the scenes lies a discreet financial consortium. The holding company acquired control of the seven-time UEFA Europa League winners—historically ranked sixth in La Liga—for €450 million, net of the club’s €85 million debt. However, the key question remains: who exactly makes up this consortium?
According to reports from *El Confidencial*, the funding primarily comes from one of Argentina’s wealthiest families, the Wertheins, whose business interests span multiple sectors and include political involvement in Javier Milei’s government—Gerardo Werthein previously served as Foreign Minister. Through the brokerage of JB Capital Markets, led by Javier Botín (brother of Ana Botín), the Werthein family submitted a takeover offer months ago. With backing from a Mexican investment fund (details undisclosed), they have now placed the club under the management of fellow Argentine Martín Ink and his company, Five Eleven Capital.
**A Mirror of the City Group**
Five Eleven Capital describes itself on its website as a “football-centric business ecosystem,” though this ecosystem is still in its infancy. Founded in January 2024, just two years ago, its ambition is to control multiple football clubs in the same manner as the City Football Group (which manages Manchester City, Girona, New York City FC, Melbourne City, and others). The philosophy is that each club operates autonomously within the same system, sharing financial structures, methodologies, and even talent to achieve mutual benefits. Before acquiring Sevilla, this emerging group had already taken temporary stakes in Hungarian club Debrecen, acquired shares in Brazilian side Juventude, and participated in American businessman Alan Pace’s attempt to purchase Espanyol. Now, with Sevilla joining the top tier, the ambition of its founder, Ink, has become crystal clear.
Martín Ink was born in 1974 in Argentina and holds a degree in Business Administration from the Argentine University of Enterprise (UADE). He held executive roles in various Argentine companies, including agricultural firm Goyaike and consulting firm Euro-Latin Capital, before branching into football through multiple projects. He first launched Hinch.as, a social network for fans, then co-founded the Madrid Legends Football Museum project with compatriot Marcelo Ordás. These ventures helped him build the network that led to the creation of Five Eleven Capital.
Within Five Eleven Capital’s core team, Andrés Tortarolo serves as co-founder and Chief Revenue Officer. He is also CEO of Madrid-based Vanquish Sportainment, which manages the image rights of Chelsea players like Enzo Fernández and Moisés Caicedo. Additionally, Marc Boixasa is part of the team.
**A Collaborator of Guardiola**
Marc Boixasa is Five Eleven Capital’s Chief Football Officer and a candidate to take over Sevilla’s sporting department, replacing Antonio Cordón after the deal closes. The Barcelona native has worked for several clubs within the City Football Group. During his time at Manchester City, he served as Operations Director and was one of Pep Guardiola’s key collaborators. After leaving Manchester, he joined Burnley, where he met club chairman Alan Pace—who later became the owner of Espanyol. However, perhaps more notably, Boixasa previously worked at Sevilla’s marketing department as a football executive from 2008 to 2009, meaning he returns to the club with a deep understanding of its operations.
Another intriguing connection between Five Eleven Capital and Sevilla involves Antonio Cordón. Before joining Sevilla in June 2025, Cordón was a member of the holding company, acting as a bridge between the fund and the club, ultimately facilitating this week’s takeover. With Sergio Ramos as the emblem, backed by the financial muscle of an Argentine billionaire family, Martín Ink—the creator of the largest football museum—and Marc Boixasa—a former Guardiola associate—will shape the new Sevilla.