Chinese investor gets 80% stake in Southampton FC

A Chinese businessman has bought a major stake in Southampton Football Club.

Gao Jisheng and his family are understood to have bought around 80 percent of the club from its Swiss owner, Katharina Liebherr.

In a statement, Gao said: "I am honored and humbled to become a partner of Southampton FC, alongside Katharina Liebherr, who, together with her father, has been such a great steward of the club, its growth and success. Together, we have the passion and motivation to build on Southampton's excellent progress in recent years and we look forward to an exciting next chapter for the club."