SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024 15:50
August 14: Owner of Premier League side Southampton, Katharina Liebherr, published a letter on the club's official website, announcing that Chinese investors Gao Jisheng and his daughter Nelly Gao have become the new main partners of the club. An insider to the deal told Associated Press that the Gao family had paid £200 million to buy a 80% stake in the club.
Gao Jisheng is the chairman of the Chinese investment company Lander Group. Previously in January 2017, Lander Sports, the sports subsidiary company of Lander Group, tried to purchase Southampton but failed. The takeover then became a personal investment with the Gao family buying the club's stake as individuals. They have now finally completed this deal having passed the Owners' and Directors' Test which includes detailed background checks on any individual proposing to acquire more than 30% of shares in a club, or to be a director on the club's board. This Southampton deal marks the second club to be wholly controlled by Chinese investors in the Premier League after West Brom.
“I am pleased to confirm that talks to bring in a new partner to our club have been concluded, ” stated Katharina Liebherr, “Following extensive and fruitful work, we are entering into a partnership with the Gao family and I am excited about what we will achieve together. ”
Source: Tencent and therepublic.com
Proofread by Raymond Fitzpatrick
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Zhuanzhuan partners with Brazil national football team
09 May 2018
Super Sports Media acquires two-year digital media rights for UEFA Nations League
22 Sep 2017
IRENA and 10 CSL teams to launch Sports Fans Festival
01 Mar 2016
Guangdong to establish a ¥500bn fitness leisure industry by 2025
09 Jan 2018
Chinese investor buys into Timberwolves
28 Jun 2016
More from Yutang Sports
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Interview with Thomas Lund: to follow new trends and bring younger generations to the sport
17 Jun 2024
Yutang Sports
loading...