Southampton takeover complete
Southampton have finally been rescued from administration after Swiss businessman Markus Liebherr completed his takeover at St Mary's.
The south-coast club were on the brink of going out of business over the summer but joint-administrator Mark Fry today signalled an end to the three-month saga by confirming the deal.
"The sale of the Saints to Markus Liebherr is a fantastic opportunity to rebuild the club," said Fry.
"Markus Liebherr was attracted to Southampton by a number of qualities which include the club's rich sporting heritage, loyal fan base, first-class stadium and training facilities and the potential for the Saints to regain their rightful place in the higher echelons of English football.
"I would also like to take this opportunity to thank all Saints fans for their support and patience in what have been uncertain times for the club. I would also like to wish both Markus and the Club well for future success."
Latest in Sport
- 1 PlayStation and Xbox hacked by Lizard Squad
- 3 The Grace Dent Christmas Questionnaire
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Vagina canoe artist defends herself over ‘obscenity’ charges
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'