There has been a delay in the process of the prospective purchase of the majority stock of Southampton by the Chinese investor Lander Holdings.
It seems that the problems stalling the deal is in regards with the transferring of the money from China.
The Chinese governmental officials are not granting the transfer of the funds, and as a result, the whole deal is in danger of collapsing.
According to Telegraph, the sum involved in this deal is around £200 million, and the Chinese company would buy 80 percent of the Southampton shares. The Premier League has already confirmed the deal.
Lander Holdings is a wealthy company, and they have enough funds to finance the whole deal, but the problem is the bureaucracy of the Chinese system.
Now, the whole situation is unstable, and there is a possibility that the entire process might be cancelled. If this delay isn’t solved soon, it is possible that the company itself or the shareholders of the Saints might back out.
