Beijing - A Chinese conglomerate is in negotiations to take over Southampton.
The are in talks over a deal which could cost £200 million ( $250 million )
Chinese investors have been making their way to the EPL in recent months, with premier league teams ( West brom, Aston villa, and Wolverhampton wanderers ) bought by Chinese investors.
The Chinese companies have seen the deals attractive as traditional growth drivers, like real estate, cool and with Chinese President Xi Jinping looking forward to promote sports activities at home.
Southampton finished sixth in the Premier League last season and made a profit of £12 million after selling couple of players at £113.7 million for the year ended 30 June, 2015.
The chairman of Lander, Gao Jisheng, is a former soldier who joined local government and then, like many others with good connections, entered the real estate industry in the 1990s, in time for the world's largest property boom.
His firm has recently expanded into entertainment and sports, in 2015 signing an agreement with Venetian Macau, a subsidiary of Las Vegas Sands, to explore the sports event market.
Lander, based in the eastern Chinese city of Hangzhou, did not respond to a request for comment from AFP.
Its shares have been suspended from trading on the Shenzhen stock exchange since Monday at its own request, pending what it called a "major asset restructuring" in a statement to the exchange.
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