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Southampton still await confirmation of sale to Lander Holdings

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There’s still hope for the proposed 80% controlling stake in Southampton to go through, but the clock ticks on.

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Southampton v Manchester United - Premier League Photo by Clive Rose/Getty Images

Southampton remain hopeful that Lander Holdings will be able to complete their end of a £200 million deal to buy a controlling stake in the club.

According to the Telegraph, the Chinese company have been unable to secure the release of funds from China, which has left Southampton waiting.

Lander has no concern in funding the deal, but must receive authorisation from Chinese authorities to transfer money overseas to complete the purchase.

Despite the company’s chief executive Gao Jisheng having been approved by Premier League due diligence procedures, the wait casts doubt on whether the deal is feasible.

Southampton has had a quiet summer with the lone signing that of 21-year-old Polish defender Jan Bednarek and are confident of holding onto Virgil van Dijk.