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Chinese businessman buys Southampton FC
Football
- 15 August, 2017
- 06:18
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Baku. 15 August. REPORT.AZ/ Chinese businessman Jisheng Gao and his family have completed a deal to buy 80% of Southampton.
Report informs citing BBC, businessman Jisheng Gao paid £210 million.
"Today is the start of a new and exciting chapter for our club," said Katharina Liebherr, who inherited Saints from her late father, Markus, in 2010 when they were in League One.
She will retain a 20% share.
Liebherr said the Gao family share Southampton's "values and ambitions", adding: "As a team, we will strive to build upon the strong foundation that is in place towards sustainable long-term success."
Notably, Southampton ranked 8th in the Premier League last season.
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