Southampton Takeover: Chinese businessman buys stake in Saints for £210m
Southampton have today agreed to sell 80 per cent of the club
After a year of talks with Gao a deal worth around £210million has been agreed.
"I am honoured and humbled to become a partner of Southampton Football Club alongside Katharina Liebherr, who, together with her father, has been such a great steward of the club, its growth and success,” said investor Gao.
"Together, we have the passion and motivation to build on Southampton’s excellent progress in recent years as we look forward to an exciting next chapter for the club."
Southampton owner Katharina Liebherr confirmed the deal on the club’s official website.