Administrators of Southampton FC confirmed yesterday that the club has been sold to Swiss businessman Markus Liebherr.
The 61-year-old paid an undisclosed sum for the club despite it starting next season with a ten point deficit, a penalty that was imposed when parent company Southampton Leisure Holdings went into administration in April.
“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,” said joint-administrator Mark Fry.
“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.”
Liebherr owns and controls the Mali Group, which consists of five companies engaged in technologically advanced engineering.
