Southampton have confirmed a Serbian-born cable television tycoon has completed a £100m takeover of the club.
Sky News had reported on Tuesday afternoon Dragan Solak, founder of United Group, has invested a chunk of his fortune in a controlling stake in the Saints, who sit 14th in the table, 10 points clear of the relegation zone.
Southampton have now confirmed the deal which sees Sport Republic, a London-based investment firm in the sports and entertainment industry, acquire a controlling stake in the club.
The takeover brings an end to the majority ownership of Gao Jisheng, a Chinese businessman who bought an 80 per cent stake in the club in 2017.
Read more/Source: Sky Sports
