One of Turkey’s most established clubs, Göztepe Sports Club sold 70 percent of its shares to Sport Republic with foreign capital.
It is stated that the signatures were signed after negotiations that lasted for 4 months, and this sale was the first foreign investment received by a Turkish club.
In the post made on Göztepe Spor’s Twitter account, the expressions “Signatures have been signed. Sport Republic and Göztepe are now together”.
Signatures were made. Sport Republic and Göztepe are now together.
— Göztepe Sports Club (@Goztepe) August 19, 2022
Mehmet Sepil, the former owner of the club, who transferred the majority stake in Göztepe Sports Club, said, “We welcome the investment of Sports Republic in Göztepe. This marks the beginning of a new page in Turkish football as Sport Republic is the first foreign investor in football in our country.
Premier League team Southampton, owned by Sport Republic, also responded to the tweet in which the deal was announced, saying, “Welcome to the Sport Republic family.”
Welcome to the Sport Republic family 👋
— Southampton FC (@SouthamptonFC) August 19, 2022
Supported by Serbian media mogul Dragan Solak, Sport Republic is managed by Danish financier Henrik Kraft and Rasmus Ankersen, who has previously worked for several clubs.
Sport Republic took over the majority stake in Southampton, which competes in the Premier League, in January. The company partners with Katharina Liebherr, who holds minority interest in Southampton.