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Bordeaux owner Joseph DaGrosa enters exclusive takeover negotiations with Southampton

Bordeaux owner Joseph DaGrosa is in talks to buy Southampton to the tune of £200m.

The Daily Mail says the American has entered into a period of exclusive negotiations with Southampton owner Gao Jisheng, who put the club up for sale earlier this year due to the increasing difficulty of taking money out of China.

DaGrosa spoke to Newcastle owner Mike Ashley about a takeover last year after his private equity company General American Capital Partners (GACP) sold their stake in Ligue 1Bordeaux, but the talks did not lead to a formal offer.

Gao paid £210m for an 80 per cent stake in Southampton three years ago, but despite protecting the majority of his investment by keeping them in the Premier League throughout that period, he is eager to sell.

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Paul Vegas

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