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
Diego Costa injury: Chelsea striker a doubt for Everton match due to muscle injury
Arsenal transfer news: Arsene Wenger says he will be 'actively involved' on deadline day... but may not buy a striker despite Giroud injury
Angel Di Maria: Manchester United winger to wear iconic No 7 shirt
England manager Roy Hodgson lectures Luke Shaw over fitness issues
Champions League draw: Arsenal, Chelsea, Liverpool and Manchester City learn group stage fate
- 1 Students heading off to 'charity challenge' grounded at Gatwick after travel firm goes bust
- 2 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 4 When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- 5 Like Jennifer Aniston, I am no less of a woman because I am childless
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage