BELGRADE (Serbia), Jan. 5 (SeeNews) – Sport Republic, a London-based investment company whose main investor is Serbian billionaire Dragan Solak, founder of United Group, active in South-Eastern Europe, has finalized the acquisition of a controlling stake in Southampton Football Club, says the club.
Solak has bought the majority stake from Chinese businessman Gao Jisheng and will cooperate with Katharina Liebherr, a minority shareholder, the English Premier League club said in a press release on Tuesday.
According to a Sky News report, the deal is valued at Â£ 100million (â¬ 119.7million).
âMy partners and I have experience in long term investments in the sports and entertainment industry and Sport Republic was founded to combine this expertise and offer something unique to the market,â said Solak .
âWe are delighted to be able to finalize this acquisition as a first step towards the execution of our investment strategy. Southampton will be the cornerstone of the organization we plan to build, âhe added.
Dragan Solak is the Founder and Chairman of the Advisory Board of the Dutch United Group, a leader in the telecommunications and media industries in South East Europe. Founded in Serbia and based in Amsterdam, United Group is present in Bosnia, Croatia, North Macedonia, Montenegro, Serbia, Slovenia and Greece through brands such as SBB, Telemach and United Media, and chains such as SportKlub, Nova TV and N1TV, plus a global OTT service.
(1 pound = 1.1967 euro)
YOU CAN SUBSCRIBE TO OUR M&A NEWSLETTER HERE