Sunday, September 29, 2024
Sport

Saints Bought By Serbian Businessman?

Southampton FC are reportedly on the verge of finding a new owner.

Gao, who bought 80% of the club from the Liebherr family, have had a poor relationship with the fans.  With zero communication and no investment made into the club, it’s not hard to see why.

The man pushing to complete a takeover at Saints is Serbian-born businessman Dragan Solak behind cable-TV operator United Group.

He will be buying a controlling stake in the club for a reported fee of £100 million.

The Liebherrs will keep there 20% stake in the club, Markus Liebherr managed to save from administration in 2009.

The plan is for Saints to become one of a number of clubs owned by the same group in a Red Bull-style multi-club system.

Meanwhile chief executive Martin Semmens is also expected to keep his position.

COYR