Premier League team, Southampton, have confirmed Sport Republic will take ownership of the club.

Southampton Football Club CEO, Martin Semmens, said: “Over the last two years, together with the shareholders of our club, we have searched for the right partner to take the club forward.

“Today we have found the perfect solution for our club.” He continued.

The deal is worth US$134.5 million, with Katharina Liebherr keeping her 20% stake in the club.

The London based firm is led by Serbian businessman Dragan Solak, who recently stepped down as co-director for soccer at Brentford.

“My partners and I have experience in long-term investments in the sports and entertainment industry and Sport Republic has been founded to combine this expertise and deliver something unique to the market.” Solak said.

Sports Republic chief executive, Rasmus Ankersen, said: “We were attracted to Southampton because it is already a well-run club that follows a clearly defined strategy.

However, Southampton are not the only club with change on the horizon.

Inter Milan, Italian soccer champions, are reportedly being taken over by Saudi Arabia’s Public Investment Fund (PIF).

The alleged deal is worth approximately US$1 Billion.

This comes after the club revealed a loan with Oaktree Capital Management of US$310 million and a 2020/21 loss of US$277.2 million.

If the deal takes place Inter will become one of the richest soccer teams in the world, with PIF having approximately US$500 billion of assets.

In October PIF bought Newcastle United for US$405 million, their first investment in the sport.