Liebherr to stay as Southampton closer to sale

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Southampton are closer to selling to Chinese interests.

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The Daily Echo says Saints will look to turn themselves into a major player on the global sporting stage if a £190m takeover from Chinese investors goes through.

Lander Sports Development have been in talks with Saints owner Katharina Liebherr for the best part of a year over a potential investment at St Mary's, but even officials inside the club had all but given up hope of anything happening after the trail went cold two months ago.

That coincided with the end of Lander's exclusivity period to try and get a deal done, with it being understood that the Chinese firm were unwilling to part with around £180m for a potential minority stake.

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However, fresh reports have indicated that Liebherr's representatives have negotiated a settlement whereby she would get £190m, and retain a minority stake, which would be a more palatable deal for such heavy investors.

Source: tribalfootball.com