Southampton takeover: Club confirm Serbian-born businessman Dragan Solak has completed £100m deal

A Serbian-born cable television tycoon has completed a £100m takeover of the club.

Sky News reported on Tuesday that Dragan Solak, the founder of United Group, has invested in a controlling stake in the Saints, who sit 14th in the table, 10 points clear of the drop zone.

Sport Republic, a London-based investment firm, will acquire a controlling stake in the club.

The majority ownership of the club has been taken over by a Chinese businessman.

She has a 20 per cent minority stake.

Please use a browser that has accessibility features.

There is a chance to watch the highlights from the game.

Sport Republic has completed the acquisition of a controlling stake in the club.

Sport Republic is an investment firm in the sports and entertainment industry. They bought the majority of the club held by Mr Gao and will work with her.

Everyone in the community of Southampton wishes Mr Gao and his family well.

The owners of Manchester City are thought to have used a strategy similar to that of Mr Solak's new holding company, which will examine offers for clubs in other international leagues.

The table for the premier league.

The former co-director of football at Brentford, and a London-based investor, are also involved in the takeover.

Sport Republic was founded to combine Solak's experience in long-term investments in the sports and entertainment industry with his partners' expertise and deliver something unique to the market.

We have been looking for many qualities in a major sports organisation. It has a great management team, talented teams playing attractive football, and a dedicated fan base.

This acquisition is a first step towards our investment strategy. The organisation we plan to build will be based inSouthampton.

Sport Republic won't be starting revolutions.

Sport Republic is aiming to build a portfolio of high-influence stakes with their first acquisition.

Football clubs and other sporting assets around the world.

"We will be an active and engaged owner, but we won't be starting any revolutions," he said.

The Saints have won four games this season and are 14th in the league.

We were attracted to the club because it is already well-run and follows a clearly defined strategy.

Sport Republic will be working with the CEO and his team to help the club grow.

The acquisition ofSouthampton is a great first step and we are very excited about the journey ahead.

For the last few months, they have been looking for a new owner.

Semmens said that the club has been looking for a partner to take it forward. The solution we found today is perfect for our club.

Sport Republic have experience in the world of elite professional sports. We are very excited to have reached an agreement that will allow us to stay in business.

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 Saints.

New ownership will be working with the boss.

A new ownership group welcomed a new beginning. We have found partners with ambition for the future, but also with a clear understanding of what we need to do now.

It is the first deal to have been approved by the league since a report called for more scrutiny of club takeovers.

Her inquiry was started after six English clubs decided to join the European Super League.

The takeover of Newcastle was approved by the Premier League and it gave it additional motivation.

The resignation of the league's chairman, Gary Hoffman, was triggered by the acquisition of the Magpies by one of the world's wealthiest investors.

Sky Sports has Saints coverage.

Sky Sports will provide live coverage of every Saints game in the premier league this season, and you can watch the match highlights for free after the game.

Want the latest from the Saints? You can keep up to date with the latest results, goals, and video from the games on Sky Sports.

You can get all this and more by using the Sky Sports Scores app and setting your favorite team as your favourite.

Find out how to get Sky Sports, listen to the best Premier League reaction and expert analysis, and follow the Sky Sports social accounts.