Marcus Rashford (L) of Manchester United vies with Oriol Romeu of Southampton during the English Premier League football match between Manchester United and Southampton in Manchester, Britain, July 13, 2020. /Xinhua
Southampton have confirmed a Serbian-born cable television tycoon has completed a £100m takeover of the club.
Media reports on Tuesday indicate that 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.
Katharina Liebherr retains her 20 per cent minority shareholding.
(With input from agencies)