Southampton has been bought by a company fronted by the founder of Eastern European telecommunications giant United Group, the English Premier League club said Tuesday.
Dragan Solak’s Sport Republic purchased the 80-per-cent stake held by Chinese businessman Gao Jisheng, who has been majority shareholder at the south-coast club since 2017.
No financial details were disclosed by Southampton, which is 14th in the 20-team league and has been in England’s top division since 2012.
Sport Republic is a London-based investment firm in the sports and entertainment industry whose ambition “is to build a portfolio of high-influence stakes in football clubs and other sporting assets across the world,” according to chairman Henrik Kraft.
For Southampton chief executive Martin Semmens, it was “the right partner to take the club forward.”
“Southampton has so many of the qualities we have been looking for in a major sports organization,” said Solak, the lead investor in Sport Republic. “It has a great management team, excellent talent development, talented teams playing attractive football and a dedicated fan base.
“We are delighted to be able to complete this acquisition as a first step towards execution of our investment strategy. Southampton will be a cornerstone of the organization we plan to build.”
Solak keeps a low profile, rarely appearing in public because he is portrayed in his native Serbia as an enemy of the state by the country’s right-wing populist government. That is because his media group controls some outlets which are critical of the government.
He was chief executive and then chairman of United Group, and still acts as an adviser to the board after a majority stake in the company was acquired by an outside investor in 2019.
Sport Republic was founded by Rasmus Ankersen, who recently stepped down as co-director of football at Premier League team Brentford, and Kraft.
“We will be an active and engaged owner, but we will not be starting any revolutions,” Kraft said. “Whilst Southampton is Sport Republic’s first acquisition, we expect more investments to follow over the coming years.”
Public Advisory: Update on Provincial Alert Level; Minister Haggie Available to Media – News Releases – Government of Newfoundland and Labrador
Based on the current epidemiology of the province, the Chief Medical Officer of Health, Dr. Janice Fitzgerald, advises that the province will remain in the modified Alert Level 4 until at least January 24, 2022. A further assessment on the province’s Alert Level will be made at that time.
The Honourable John Haggie, Minister of Health and Community Services, will hold a media availability today (Monday, January 17) at 2:30 p.m. to discuss Alert Levels.
The availability will be live-streamed on the Government of Newfoundland and Labrador’s Facebook and Twitter accounts and on YouTube. All media covering the availability will join by Zoom only. To participate, please RSVP to Jillian Hood (email@example.com) who will provide the details.
Media planning to participate must join at 2:15 (NST) to be included on the availability.
– 30 –
Health and Community Services
Social media challenge supports late Betty White’s love for animals – Globalnews.ca
Hollywood icon Betty White would’ve been 100 years old today.
To honour the Golden Girls star’s support for animal advocacy, people around the globe are celebrating the Betty White Challenge — recognizing what would’ve been a milestone by contributing to White’s favourite cause.
Winnipeg Humane Society CEO Jessica Miller told 680 CJOB that White’s love for animals is something that shone through in many of the tributes the late actress received in recent weeks.
“Loving animals is just such a sincere, true show of character, and Betty was certainly that. She was a very, very beloved advocate and animal lover,” said Miller.
“When this got brought to our attention, we thought, wow, that’s such a nice way to honour such a lovely lady. We decided we would accept donations but we wouldn’t technically ask for them.”
The challenge, spurred on by the social media hashtag #BettyWhiteChallenge, encourages fans to donate what they can to a local animal shelter on White’s birthday.
Miller said anyone wishing to donate on White’s behalf can do so online.
“We’ll see what happens throughout the day,” she said. “Whatever comes in for our animals is amazing.”
Social media challenge supports late Betty White’s love for animals
© 2022 Global News, a division of Corus Entertainment Inc.
Media Release: HPEPH confirms first case of Influenza A in the region – Hastings Prince Edward Public Health
Canada ends contract with Malaysia’s Supermax over labour allegations
Cross-border investment surged in November – Investment Executive
Canada’s First Quantum agrees to higher payments at Panama copper mine
Silver investment demand jumped 12% in 2019
Europe kicks off vaccination programs | All media content | DW | 27.12.2020 – Deutsche Welle
Iran anticipates renewed protests amid social media shutdown
News10 hours ago
Black and Racialized Artists, Musicians and Producers Join Forces For THE FREEDOM MARCHING PROJECT
Business24 hours ago
China cuts rates on policy loans for first time since April 2020 – CNBC
Art9 hours ago
Artists Invited To Enter Artwork In Florida Strawberry Festival Fine Art Show – Osprey Observer
Business10 hours ago
Markets split on BoC decision as business survey, inflation loom – BNN
News10 hours ago
National Gaming on Capital Hill
News2 hours ago
Russia fines Google for not deleting banned content
Science7 hours ago
Mars Was Likely A Cold, Wet World 3 Billion Years Ago – IFLScience
Real eState10 hours ago
Canadian home sales up 0.2% in December