Chinese Businessman Completes Southampton Takeover

After about a year of talks with Chinese businessman Jisheng Gao and his family, a deal worth around £210million for 80 per cent of English Football Club Southampton has finally been agreed.

Saints owner Katharina Liebherr, who will retain a 20 per cent share of the club, confirmed the deal had been completed in a statement released to fans on Monday afternoon.



"I am pleased to confirm that talks to bring in a new partner to our club have been concluded," she said.

"Following extensive and fruitful work, we are entering into a partnership with the Gao family and I am excited about what we will achieve together.