Chinese stadium builder Lander Sports Development said on Thursday that it has agreed to buy a stake in Southampton Football Club, making it the latest English Premier League team to do a deal with Chinese investors.
Lander said in a statement to the Shenzhen Stock Exchange that it had signed an agreement with Southampton's owner, Katharina Liebherr, to buy a stake in the soccer club's holding company, without disclosing financial details.
The size of the stake in the club, which on Wednesday night beat Liverpool to reach the final of England's League Cup, was not known.
Currently placed 11th in the English Premier League, Southampton would join Aston Villa, West Bromwich Albion, Birmingham City and Wolverhampton Wanderers as English football clubs that now have Chinese investors.
Shares in Lander, which builds stadiums and organises sporting competitions, have been suspended since 14 October. Reports of its interest in Southampton began swirling last year.
Published Date: Jan 26, 2017 16:38 PM | Updated Date: Jan 26, 2017 16:38 PM