Southampton Complete Takeover By Serbian Billionaire-Backed Sport Republic

By Daily Sports on January 4, 2022

The investment firm Sport Republic, backed by Serbian billionaire Dragan Solak, has completed a takeover of Southampton by picking up an 80% stake in the club, it was announced on Tuesday.

Solak, who owns the United Group, a telecom company, acquired the club from Chinese businessman Gao Jisheng, who bought his 80% stake in August 2017.

"Over the last two years, together with the shareholders of our club, we have searched for the right partner to take the club forward. Today we have found the perfect solution for our club," Southampton chief executive Martin Semmens told the club's website.

"Sport Republic are experienced investors, but also experienced within the world of elite professional sports. That combination is very hard to find, and we are thrilled to have reached an agreement that secures our short and long-term future."

Katharina Liebherr, who inherited the club from her late father Markus in 2010 when they were in English football's third-tier League One, will retain the other 20%.

The deal is the latest takeover of a Premier League club in a space of months after Czech billionaire investor Daniel Kretinsky acquired a stake in West Ham United in November.

Southampton are 14th in the Premier League with 21 points from 19 games. They travel to second-tier Swansea City in the third round of the FA Cup on Saturday. (Reuters)


Source Daily Sports

Posted January 4, 2022


 

You may also like...
CAF Confed Cup: Enyimba Spanked In Tunisia, Casablanca...

Mourinho: I was sacked by Chelsea, it was...

CHAN: Salisu Yusuf says no cause for alarm...

Ronaldo resumes training at Real Madrid

Manchester United Sign Maguire in Record Fee for...

Federer to meet Djokovic in Cincinnati final

 

Latest News Nigeria beat Cameroon to reach IHF final 27 schools for Doregos Basketball Championship Super Falcons to play France’s Les Bleues in friendly SWAN suspends ban on coverage of Anambra FA activities Joshua among boxing’s top three earners in 2024 Oshoala makes history with Bay FC Nnamani hails team over IHF bright start Flamingos lift U-17 W’Cup Fair Play Trophy Rangers Intl, SWAN partner on sports collaboration in SE LAGOS SWAN CELEBRATES AIG ZONE 2 ON HIS BIRTHDAY AND 30 DAYS IN OFFICE Traders Cup: Upholstery Soccer Team Secured 2nd Win To Advance To Round Two Lagos SWAN Celebrates Oba Akiolu, Iyaloja General, AIG Fayoade

 

Most Read Rangers International going, going . . . (55,141 views) Amaju Pinnick: A cat with nine lives (46,269 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (44,350 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (43,991 views) Sports Development: Zenith Bank on the zenith (43,931 views) Current issues in Nigerian sports: Matters arising (43,879 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (43,718 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (43,288 views) Olopade, BET9A wave of revolution in NNL (42,332 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (41,035 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (39,489 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (38,916 views)

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media