Soccer-Serbian billionaire-backed Sport Republic buys Southampton


  • Football
  • Wednesday, 05 Jan 2022

FILE PHOTO: Soccer Football - Premier League - Southampton v Crystal Palace - St Mary's Stadium, Southampton, Britain - May 11, 2021 General view outside the stadium before the match REUTERS/Andrew Boyers

(Reuters) -The investment firm Sport Republic, backed by Serbian billionaire Dragan Solak, has completed a takeover of Southampton by picking up an 80% stake in the club, the Premier League side said on Tuesday.

Solak, who owns the United Group, a telecom company, acquired the club in a deal reportedly worth 100 million pounds ($136 million) from Chinese businessman Gao Jisheng, who bought his 80% stake in August 2017.

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