Southampton FC in action
The family of Chinese businessman Jisheng Gao has bought what is reported to be a major stake in Southampton FC.
Current owner Katharina Liebherr confirmed the news that the Gao family has entered’ into partnership’ with the club earlier today (14 Aug).
Liebherr didn’t specify any financials or in-depth details of the partnership however it has been reported by the BBC that the Gao family has bought an 80% stake in the company.
In a statement on the club’s official website, Liebherr said: “Today is the start of a new and exciting chapter for our club. Mr Jisheng Gao and his daughter, Mrs Nelly Gao, with whom I have built a close relationship, share our values and ambitions.
“As a team, we will strive to build upon the strong foundation that is in place towards sustainable long-term success.
“Mr Gao, Nelly and I have full trust in Ralph Krueger and his management team. We wholeheartedly support their plans to follow the Southampton Way in the years ahead.
“But for now it is business as usual at Southampton Football Club and we must allow everyone at the club to focus on the first few weeks of the new season.
“I would like to thank the passionate supporters of the club for their ongoing loyalty and faith, and I look forward to seeing you soon at St Mary's.”
Jisheng Gao added: “I am honoured and humbled to become a partner of Southampton Football Club alongside Katharina Liebherr, who, together with her father, has been such a great steward of the club, its 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.”
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