Barry Hearn Sells Leyton Orient to Italian Businessman
By Community | July 7, 2014
Leyton Orient owner Barry Hearn has sold his controlling share in the League One Club to Italian businessman, viagra Francesco Becchetto.
The East London club revealed on Monday that the 66-year-old sports promoter’s 90% share has been bought by multi-millionaire.
The Dagenham-born Hearn has been involved at Brisbane Road since 1995.
A statement on the club website reads: “Hearn’s company Matchroom Sport Ltd’s 90% shareholding has passed to the Italian businessman who will become the club’s new chairman.
“Hearn, vcialis 40mg his son Eddie, Steve Dawson and David Dodd have resigned from the board of directors whilst Matthew Porter has stood down as chief executive but will remain as a director of the club.
“Sports promoter Hearn acquired a controlling stake in Leyton Orient from Tony Wood in March 1995, making him one of the longest serving owners in English football during which time the club’s stadium has been rebuilt on three sides and the team has established itself in League One, following promotion in 2006.”
A press conference with Barry Hearn and Francesco Becchetti will take place on Thursday when Orient will also disclose the other members of the new board.