Kuala Lumpur: Chinese businessman Gao Jisheng has bought an 80 percent stake in English Premier League club, Southampton FC.
Gao will work closely with Katharina Liebherr, the Swiss owner who inherited the Saints from her late father.
Liebherr will retain a 20 percent share.
“Today is the start of a new and exciting chapter for our club,” announced Liebherr on the new partnership with Gao. “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.
“As a team, we will strive to build upon the strong foundation that is in place towards a sustainable long-term success.”
Gao said: “I am honoured and humbled to become a partner of Southampton FC alongside Katharina, who, together with her father, has been such a great steward of the club, it’s growth and success.
“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.”
The Saints finished eighth in the 2016-17 Premier League season.
Photo: Swansea City AFC
Source: the-afc.com