Southampton owner Katharina Liebherr has announced that the Premier League club have entered into a partnership with Chinese businessman Jisheng Gao and his family.
A letter from Leibherr to Southampton fans is as follows…
‘I am pleased to confirm that talks to bring in a new partner to our club have been concluded.
‘Following extensive and fruitful work, we are entering into a partnership with the Gao family and I am excited about what we will achieve together.
Gao family deal at Southampton is around £210m for 80% of club. Agreement to keep existing board in the immediate future
— Jeremy Wilson (@JWTelegraph) August 14, 2017
‘Today is the start of a new and exciting chapter for our club. Mr Jisheng Gao and his daughter, Mrs Nelly Gao, with whom I have built a close relationship, share our values and ambitions. As a team, we will strive to build upon the strong foundation that is in place towards sustainable long-term success.
‘Mr Gao, Nelly and I have full trust in Ralph Krueger and his management team. We wholeheartedly support their plans to follow the Southampton Way in the years ahead.
‘But for now it is business as usual at Southampton Football Club and we must allow everyone at the club to focus on the first few weeks of the new season.
‘I would like to thank the passionate supporters of the club for their ongoing loyalty and faith, and I look forward to seeing you soon at St Mary’s.
‘We March On.