Sevilla forced to sell in January

The Sevilla will have to offload players if it wants to bring in reinforcements in the winter market. The salary cap was virtually exhausted during the summer, and the latest accounts reflect 27.42 million euros in losses for 2025-26, within an accumulated deficit close to 249 million over six seasons.

Sevilla needs sales to free up salary margin

The immediate urgency is in sports planning. The sporting director, José Ignacio Navarro, acknowledged that the club has very little room to carry out operations and that any new signings in January will depend on creating space by offloading players from the squad. The signings of Stassin, Félix, and Fofana almost consumed the available limit during the past summer.

Among the players whose future could unlock moves are Marcao, who is not part of Luis García Plaza's plans, and Fábio Cardoso, whose gross salary is between 1.5 and 2 million euros. Rubén Vargas is also included: a sale of the Swiss player would free up margin to consider more than one addition, according to information from Muchodeporte. In addition, the Sevilla team cannot extend the contract of their coach, despite the team's good performance in the first 12 matchdays.

Navarro also clarified that a specific meeting had not yet been held to decide which positions will be reinforced in January. Therefore, the priority is not yet to close a specific signing but to create the economic conditions that allow action in the market. 

🚨 ALERTE ROUGE À SÉVILLE : Le Sevilla FC au bord de la liquidation judiciaire ! 💰 Selon les révélations de @VMScom, le club andalou a accumulé 249 millions d'euros de pertes sur les six dernières saisons et n'évite la dissolution immédiate que grâce à deux béquilles artificielles : ▫️ Le bouclier législatif : Le moratoire gouvernemental lié aux pertes post-Covid permet au club de repousser l'obligation légale de dissolution, mais cette dérogation expire en juin 2027. ▫️ L'effet trompe-l'œil des emprunts : Les prêts contractés auprès de Goldman Sachs masquent comptablement la faillite à court terme, mais l'échéance des remboursements et des intérêts approche à grands pas. 💣 Une bombe à retardement économique pour l'un des géants historiques de LaLiga.

— LigActu 🇪🇸 (@LigActu) November 12, 2026

The accounts reflect the extent of Sevilla's crisis

The economic balance explains the pressure on the entity. The accounts for the 2025-26 fiscal year, published before the General Shareholders' Meeting on December 10, record losses of 27.42 million, compared to 54.06 million from the previous year. Despite reducing the deficit by almost half, the net accounting equity has worsened to 150.31 million negative.

The short- and long-term debt reaches 311.02 million euros, while the club has accumulated approximately 248.6 million in losses since the 2020-21 season. Additionally, the positive result from transfers, 29.61 million, helped contain the losses of the last fiscal year. Without that income, the result would have been considerably worse.

However, the asset situation requires clarification: Sevilla is not currently in a legal cause for dissolution. The computable net assets for these purposes stand at 102.76 million positive, thanks to the participatory loans and the treatment of losses from the periods affected by the pandemic. The published information indicates that the moratorium will no longer allow that adjustment in the 2026-27 fiscal year.

Goldman Sachs and the limit of financing

The participatory loans linked to CVC and Goldman Sachs total 186.9 million euros. The financing has allowed sustaining the treasury during the adjustment process, but it is also part of the obligations that the club must manage. The president, José María del Nido Carrasco, stated in September that the loans were being handled normally and estimated the net debt at 60 million, a measurement different from the total debt reflected in the accounts.

The next review will come in January: Sevilla will need to decide which players can leave and how much margin those operations create. The evolution of sales will determine whether the sports management can reinforce the team, while the meeting on December 10 will provide another reference point to understand the extent of the crisis and the economic plan of the entity.