Sport Republic and Solak are taking over 80 percent of the shares from Chinese businessman Gao Jisheng, who bought his share in the club 4.5 years ago. The deal is said to be worth around €120 million. The other 20 percent remains in the hands of Katharina Liebherr, who inherited the club in 2010 when her father Markus died.
Southampton director Martin Semmens says the club had been looking for a new investor for two years to move the club forward. “And now we have found the perfect solution. Sport Republic are experienced investors and known within the world of top sport. That combination is difficult to find, but we are happy to have an agreement that supports our short- and long-term vision.”
Southampton are currently 14th in the Premier League. It is also active in the FA Cup, in which it will meet Swansea City on Saturday.
It is the third major takeover in the Premier League this season. Newcastle United and West Ham United have previously changed hands.