Serbian media mogul is the new owner of Southampton, confirmed the English club.
The founder of United Group, Dragan Solak, who owns many TV channels in various countries in Southeast Europe, including Bulgaria, has acquired 80% of the Saints, for which he paid £ 100 million.
Through his London-based company, Sport Republic, the Serbian businessman now owns a controlling stake in the Southerners, which he acquires from Chinese Gao Zhishen. Katarina Liebherr retains her 20%.
FC Southampton can confirm that today “Sport Republic” completed the acquisition of a controlling stake in the club. This is a company that invests in the sports and entertainment industry and that bought the shares from Mr. Gao, “Southampton said in a statement.
“Southampton have many of the qualities we look for in a sports organization. This is an excellent management team that has a flair for talent development, plays great football and has great fans. That is why we are very happy with its acquisition, which is the first step in our investment strategy, “said Dragan Solak, who has the idea to acquire a number of clubs in different countries, following the example of Manchester City.
The Saints are 14th in the Premier League, but they are 10 points from the danger zone and under the leadership of Ralph Hazenhuttle they are doing quite well last season.
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