Southampton have finally been rescued from administration after Swiss businessman Markus Liebherr completed his takeover at St Mary's.

The south-coast club were on the brink of going out of business over the summer but joint-administrator Mark Fry today signalled an end to the three-month saga by confirming the deal.

"The sale of the Saints to Markus Liebherr is a fantastic opportunity to rebuild the club," said Fry.

"Markus Liebherr was attracted to Southampton by a number of qualities which include the club's rich sporting heritage, loyal fan base, first-class stadium and training facilities and the potential for the Saints to regain their rightful place in the higher echelons of English football.

"I would also like to take this opportunity to thank all Saints fans for their support and patience in what have been uncertain times for the club. I would also like to wish both Markus and the Club well for future success."