Chinese businessman Jisheng Gao and his family have completed a deal to buy 80% of Southampton.

In January, Gao's company Lander Sports Development said a deal was agreed, but the takeover is now a personal investment.

"Today is the start of a new and exciting chapter for our club," said Katharina Liebherr, who inherited Saints from her late father, Markus, in 2010 when they were in League One. She will retain a 20% share. Liebherr said the Gao family share Southampton's "values and ambitions", adding: "As a team, we will strive to build upon the strong foundation that is in place towards sustainable long-term success."