Leyton Orient takeover completed after Barry Hearn sells shares to Francesco Becchetti

East London and West Essex Guardian Series: Barry Hearn has sold his stake in the club to Francesco Becchetti: Action Images Barry Hearn has sold his stake in the club to Francesco Becchetti: Action Images

Francesco Becchetti has completed his takeover of Leyton Orient after Barry Hearn sold his stake in the club.

Hearn's company Matchroom Sport Ltd's 90 per cent shareholding in the O's has passed to new chairman Becchetti.

Hearn, son Eddie, Steve Dawson and David Dodd have resigned from the board of directors and chief executive Matt Porter has stepped down although he will remain as a club director.

Sports promoter Hearn took over the East Londoners in 1995 from Tony Wood. During his tenure, the club won promotion in 2006 from League 2 and only missed out on a place in the Championship after their play-off final defeat in May.

Speaking to the Guardian Series last week, Hearn said: “I have been very consistent in saying that I would step aside if the right offer came in from someone who could take the club forward. So far that hasn’t happened but this may be the exception.

"I think he has the ambition and the resources to do something spectacular here but discussions are still ongoing. If the man delivers what I think he can then this is a very exciting time for Orient."

 

Comments (3)

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8:01pm Mon 7 Jul 14

badal says...

Barry Hearn has left the building.
Barry Hearn has left the building. badal
  • Score: 0

9:00pm Mon 7 Jul 14

Villagecranberry says...

Barry Hearn has stripped the club of everything, land, flats, profits, sold our best players and run.

Traitor.
Barry Hearn has stripped the club of everything, land, flats, profits, sold our best players and run. Traitor. Villagecranberry
  • Score: 0

4:44pm Tue 8 Jul 14

jonny mash says...

Villagecranberry wrote:
Barry Hearn has stripped the club of everything, land, flats, profits, sold our best players and run. Traitor.
Barry Hernia OBE has done his best to keep the plucky underdog club going against the odds and they have arguably over achieved during his reign. I found an old paper copy of the WFG in my shed and when he took over the club he quoted Saint Francis of Assisi and he has stood by his promises - "Where there is discord, may we bring harmony. Where there is error, may we bring truth. Where there is doubt, may we bring faith. And where there is despair, may we bring hope."
The new Italian owner wanted a pizza the East End football action and now he has got it I wish him well.
[quote][p][bold]Villagecranberry[/bold] wrote: Barry Hearn has stripped the club of everything, land, flats, profits, sold our best players and run. Traitor.[/p][/quote]Barry Hernia OBE has done his best to keep the plucky underdog club going against the odds and they have arguably over achieved during his reign. I found an old paper copy of the WFG in my shed and when he took over the club he quoted Saint Francis of Assisi and he has stood by his promises - "Where there is discord, may we bring harmony. Where there is error, may we bring truth. Where there is doubt, may we bring faith. And where there is despair, may we bring hope." The new Italian owner wanted a pizza the East End football action and now he has got it I wish him well. jonny mash
  • Score: 0
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