Southampton have confirmed that they've been taken over by the investment firm Sport Republic.
The group are led by Serbian-born cable television tycoon Dragan Solak.
They've purchased a 100-million pound controlling stake in the Premier League club, replacing Chinese businessman Gao Jisheng.
"Southampton Football Club can today confirm that Sport Republic has completed the acquisition of a controlling stake in Southampton Football Club," the Saints announced in a statement.
"Sport Republic is an investment firm in the sports and entertainment industry. They have purchased the shareholding of the club held by Mr Gao and will work in partnership with Katharina Liebherr who retains her minority shareholding.
"Everyone within the Southampton community would like to wish Mr Gao and his family well for their future."
The Saints are currently 14th in the Premier League and Solak says the group views the takeover as a long-term investment.
"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.
"Southampton has so many of the qualities we have been looking for in a major sports organisation. It has a great management team, excellent talent development, talented teams playing attractive football and a dedicated fan base.
"We are delighted to be able to complete this acquisition as a first step towards execution of our investment strategy. Southampton will be a cornerstone of the organisation we plan to build."
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