Serbian businessman Dragan Solak has completed his purchase of an 80 per cent majority stake in Southampton, the Premier League club has confirmed.
Solak, who owns the United Group and is the lead investor of acquisition group Sport Republic, has paid £100 million for Jisheng Gao’s stake in the club, with former majority owner Katharina Liebherr retaining 20 per cent.
Chinese businessman Goa paid around £200m to take over the Saints in August 2017 and had reportedly been looking to sell for several years.
Southampton are 14th in the Premier League under manager Ralph Hasenhuttl and have finished in the bottom half of the table in each of the last four seasons.
Source Link Southampton takeover: Serbian businessman Dragan Solak completes £100m deal for majority stake