In August 2017, Southampton Football Club confirmed that the Chinese businessman Gao Jisheng had completed a multimillion-pound takeover of the club, acquiring an 80% stake for around £210m after successfully passing the relevant checks, including the Premier League's owners and directors test. The deal followed more than 12 months of talks between the Gao family and the south coast club. The investment was made personally by Gao and his daughter Nelly as opposed to being sanctioned through Lander Sports, as originally mooted. Hangzhou-based Lander is the family's business arm, which develops, constructs and manages sports sites.