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SOUTHAMPTON TAKEOVER COMPLETED AS SERBIAN TYCOON DRAGAN SOLAK SEALS £100MILLION
DEAL
The Saints have become the latest Premier League club to be taken over, less
than three months after Newcastle United were handed the same fate as both look
to rise up the table
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* 15:00, 4 Jan 2022
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Serbian-born cable television tycoon Dragon Solak has completed his purchase of
an 80 per cent majority stake in Southampton, understood to be worth
£100million.
The Saints have confirmed that Solak's Sport Republic group have purchased
Chinese businessman Gao Jisheng's stake - which he had purchased in 2017.
A club statement confirmed: "Southampton Football Club can today confirm that
Sport Republic has completed the acquisition of a controlling stake in
Southampton Football Club.
"Sport Republic is an investment firm in the sports and entertainment industry.
They have purchased the shareholding of the club held by Mr Gao and will work in
partnership with Katharina Liebherr who retains her minority shareholding.
"Everyone within the Southampton community would like to wish Mr Gao and his
family well for their future."
HAVE YOUR SAY! Will this takeover transform Southampton? Comment below
Serbian Tycoon Dragon Solak is on the verge of buying Southampton
Dragan Šolak, said: “My partners and I have experience in long-term investments
in the sports and entertainment industry and Sport Republic has been founded to
combine this expertise and deliver something unique to the market.
"Southampton has so many of the qualities we have been looking for in a major
sports organisation. It has a great management team, excellent talent
development, talented teams playing attractive football and a dedicated fan
base.
PROMOTED STORIES
"We are delighted to be able to complete this acquisition as a first step
towards execution of our investment strategy. Southampton will be a cornerstone
of the organisation we plan to build.”
A best XI of Premier League January transfer window signings
10 best ever Premier League January signings ranked as transfer window opens
Martin Semmens, CEO of Southampton Football Club, said: “Over the last two
years, together with the shareholders of our club, we have searched for the
right partner to take the club forward. Today we have found the perfect solution
for our club.
"Sport Republic are experienced investors, but also experienced within the world
of elite professional sports. That combination is very hard to find, and we are
thrilled to have reached an agreement that secures our short and long-term
future.
“We are grateful for the support of Mr Gao and Katharina that allowed us to take
our time, turn away the wrong options and ultimately find the right partner for
the future of this great club, its fans, staff and the people of Southampton.
“Today we welcome a new beginning with a new ownership group. We have found
partners with ambition for the future, but with a clear understanding of what
Southampton stands for and the direction we must go in now. The strategy is to
push forward with the plans we have had in place over the last two years, but
with their support we can now do this with a renewed focus and speed.
Continuity, stability, and clarity of the way forward are equally as important
as the new initiatives and ideas we can now bring to the club.
“Sport Republic is being built to provide a network of people, clubs, and
technology that allows the clubs within it to grow every day and gain the
advantages you need to be successful. As a club, we have never wanted to buy
success, but to earn it. Sport Republic gives us the power to improve our
operations at every level, helping us to reach for the success our staff work so
hard for, and our fans crave.
“Everyone at Southampton welcomes Dragan, Henrik, Rasmus and the people within
Sport Republic to our great club. We searched the world for good people with the
ambition and resources to lead us into the next era and I am happy to confirm we
have found them.
"We can’t wait to get started and be part of the future of Sport Republic.”
Southampton manager Ralph Hasenhuettl is likely to be pleased with the imminent
news of new ownership
At the beginning last month, manager Ralph Hasenhuttl addressed talk of what was
then just a potential takeover with the media after being asked whether he had
communication with the board over the deal.
"Yes, I have. As you can imagine, nearly every day I get information from the
board, from (CEO) Martin (Semmens)," the Saints boss explained.
"We speak very often also about this topic and the only thing I can say is as
soon as there is any news, they will put it out and everybody will know it
then."
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