Two New Investors Join Leyton Orient’s Board
May 24, 2021
Two new investors have joined the Leyton Orient’s board of directors and also the board of Eagle.
They are:
Coley Parry – Founder and CEO of the Common Group, a venture capital platform that invests in early and mid-stage companies across multiple sectors in the US and UK.
Nick Semaca – An experienced business leader and strategist, Nick has nearly 20 years of experience at the international consulting firm, McKinsey & Company. Since his retirement, Nick has become an active investor in a number of start-ups and also in a minor league baseball team in the US.
Other new significant investors James Fenton, Joe Cugine, Kevin Willer, Jason Baine and Jeff Devron will bring varied business expertise and experience to the Club. In addition, Rich Emmett and Nigel Travis have increased their investment in Eagle.
In order to facilitate these transactions, Kent Teague has cancelled just over £2m of his shares in Eagle. To transfer the full benefit of his generosity to Leyton Orient, an equivalent amount has been written off the loan balance due from the Football Club to Eagle. Kent remains a substantial shareholder and Vice-Chairman and stays fully involved in the future development of the Club.
Chairman Nigel Travis commented: “As a personal investor in the new round of funding, these are very exciting developments for Leyton Orient, and I want to thank my great partner Kent for his generosity and good counsel.
“We are very pleased to welcome our new Board members and other investors and expect Leyton Orient to be even more competitive in the years to come including a promotion in the near future. We know all the new investors are excited about Leyton Orient’s future.”
