Chinese Suitor for English Soccer Club in ‘Major Restructuring’
- China’s Lander Sports said to be in talks with Southampton
- Company doesn’t disclose name of sports assets it’s targeting
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The Chinese company that’s said to be in exclusive discussions to acquire English Premier League soccer team Southampton for as much as 200 million pounds ($248.8 million) has requested a halt to trading in its shares for a further month pending the conclusion of efforts to acquire sports assets.
Shares in Lander Sports Development Co. have not traded since October, and the company requires the suspension to remain pending “major asset restructuring,” it said Wednesday in a regulatory filing. Bloomberg News previously reported that Lander was in discussions with Southampton, based on England’s south coast. Lander didn’t disclose its takeover targets.