VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Barry Hearn Confirms Sale Of Orient Shareholding

Tue 8th Jul 2014 | Clubs Ownership

Barry Hearn has completed the sale of his stake in Leyton Orient Football Club to Francesco Becchetti it has been announced.

Hearn’s company Matchroom Sport Ltd’s 90pc shareholding in the club has passed to the Italian businessman, who will become the club’s new chairman.

Hearn, 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 full announcement regarding the club’s new board of directors and a press conference with Barry Hearn and Francesco Becchetti will follow on Thursday.

Posted by: Aaron Gourley 

Icondia (Icondia-C-468x60.gif)
 
RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us –
agourley@fcbusiness.co.uk  

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Portsmouth Enter Possible Takeover Talks

Thu 23rd Mar 2017 | Clubs Ownership

Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...

Walker Morris Advise On Leeds United Sale

Thu 5th Jan 2017 | Clubs Ownership

Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...

Aser Group Holding Acquires 50% Of Leeds United

Wed 4th Jan 2017 | Clubs Ownership

Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...

Notts County Sold To Local Businessman

Mon 19th Dec 2016 | Clubs Ownership

Notts County owner Ray Trew has confirmed the sale of the club after reaching an agreement with local businessman Alan Hardy. Having held discussions with a number of prospective buyers in recent...