Thursday, July 9, 2020
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Santander and Blackstone Take Ownership of Sergio Ramos’s Plots in Los Berrocales

The company Desarrollos Inmobiliarios Los Berrocales (DILB), in which the footballer owns a stake, has transferred the land to Blackstone in exchange for the cancellation of its unpaid debt.

The footballer, Sergio Ramos, who plays for Real Madrid.

The latest major real estate operation involving the Real Madrid footballer Sergio Ramos has not turned out as planned. The Sevillian footballer invested in the company ‘Desarrollos Inmobiliarios Los Berrocales’ (DILB), with the aim of developing a new PAU in Madrid, Los Berrocales, for the construction of 22,000 homes.

However, that company has now been forced to exchange its main asset, the land in the area, with its creditors for failing to pay its debts, according to Cinco Días.

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