Saints close to Chinese deal

Reports in the Far East suggest a Chinese group have agreed a takeover of Southampton, but Katharina Liebherr claims talks continue.

Southampton: Saints close to Chinese dealSouthampton: Saints close to Chinese deal

The Lander Sports Development group are understood to be close to sealing a controlling stake in Saints, with the company reportedly informing the Shenzhen stock exchange about the deal.

The deal is believed to be worth around £200m but, in a letter to Southampton fans, club owner Liebherr was coy over as to what stage discussions are at.

The letter read: “I am writing to you in relation to an announcement made in China today about Southampton Football Club and Lander Holding.

“Please understand that I can only make limited comments regarding this process but I can assure you that any steps we do take will be in the best interests of the club. A potential partnership would need to clear multiple approvals and fulfil strict criteria before being confirmed.

“The Premier League is increasingly competitive; we need to keep moving forward and look to new markets for commercial growth, innovation and to share our journey. Together we have had many years of progression and success, and ensuring this continues is the main focus of any possible partnership.”

Liebherr, who inherited the club from late father Markus, has also thanked the fans for the ‘continued support’ and insists it makes her ‘proud’ to have a Wembley final to look forward to.

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