Barry Hearn confirms sale of shareholding to Francesco Becchetti
BARRY Hearn has completed the sale of his stake in Leyton Orient Football Club to Francesco Becchetti.
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.