Leyton Orient chairman Barry Hearn has confirmed he is in talks to sell his shareholding to Italian businessman Francesco Becchetti

East London and West Essex Guardian Series: O's chairman Barry Hearn is in talks to sell his shareholding in the club. Picture: Action Images O's chairman Barry Hearn is in talks to sell his shareholding in the club. Picture: Action Images

Leyton Orient chairman Barry Hearn has confirmed he is in talks to sell his shares in the club to Italian businessman Francesco Becchetti.

A short statement on the O's website confirmed the 66-year-old was in talks with Bechetti, who has previously been linked with a takeover of Reading Football Club.

The statement read: 

"Leyton Orient can confirm that Chairman Barry Hearn is in talks with Italian businessman Francesco Becchetti regarding the sale of his shareholding in the Club.

"The sale is subject to due diligence and Football League approval and the Club will not be making any further comment at this stage."

Becchetti, who owns Becchetti Energy Group (BEG) has recently set up Leyton Orient holdings with Companies House.

Napoli owner Aurelio De Laurentiis was last summer rumoured to be interested in buying the club but the O's moved to distance themselves from talk linking the 65-year-old Italian.

Hearn's desire to sell his shareholding in the club is no secret and in March 2009, the Matchroom Sport founder and chairman told The Guardian Series: "The movers and shakers in football know Orient is available, but my door is not being banged down. In fact, I haven't had even as much as a tap.

"In a perfect world, I'd love to get out to someone who can do something I can't do, which is take this club further."

 

Comments (1)

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12:54pm Fri 27 Jun 14

jonny mash says...

I'm not sure who this Italian chap is who wants a pizza the action but Barry Hernia MBE will be a tough act to follow. Through a mixture of putting in his own money and ingenious schemes like selling off land for luxury apartments he has kept his little undergog club going, I fondly remember hearing away fans singing "We can see you washing up" to the residents in the flats - hilarious. Hopefully the new owner will move the club to the Olympic stadium to ground share with West Ham London United. I'm sure the O's fans will join me in one last song for Barry:

"For he's a jolly good fellow, for he's a jolly good fellow
For he's a jolly good fellow (pause), and so say all of us
And so say all of us, and so say all of us
For he's a jolly good fellow, for he's a jolly good fellow
For he's a jolly good fellow (pause), and so say all of us!

For he's a jolly good fellow, for he's a jolly good fellow
For he's a jolly good fellow (pause), which nobody can deny
Which nobody can deny, which nobody can deny
For he's a jolly good fellow, for he's a jolly good fellow
For he's a jolly good fellow (pause), which nobody can deny"
I'm not sure who this Italian chap is who wants a pizza the action but Barry Hernia MBE will be a tough act to follow. Through a mixture of putting in his own money and ingenious schemes like selling off land for luxury apartments he has kept his little undergog club going, I fondly remember hearing away fans singing "We can see you washing up" to the residents in the flats - hilarious. Hopefully the new owner will move the club to the Olympic stadium to ground share with West Ham London United. I'm sure the O's fans will join me in one last song for Barry: "For he's a jolly good fellow, for he's a jolly good fellow For he's a jolly good fellow (pause), and so say all of us And so say all of us, and so say all of us For he's a jolly good fellow, for he's a jolly good fellow For he's a jolly good fellow (pause), and so say all of us! For he's a jolly good fellow, for he's a jolly good fellow For he's a jolly good fellow (pause), which nobody can deny Which nobody can deny, which nobody can deny For he's a jolly good fellow, for he's a jolly good fellow For he's a jolly good fellow (pause), which nobody can deny" jonny mash
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