Search

Hearn sells Leyton Orient shares to Italian businessman

PUBLISHED: 18:10 07 July 2014 | UPDATED: 18:10 07 July 2014

Former Leyton Orient chairman Barry Hearn

Former Leyton Orient chairman Barry Hearn

Archant

Barry Hearn has confirmed he has sold his stake in Leyton Orient to Italian businessman Francesco Becchetti.

All 90 per cent of Hearn’s shares in the company – through his company Matchroom Sport Ltd – have been passed on to Becchetti, who will now become the club’s chairman.

Meanwhile, the board of directors – Hearn’s son Eddie, Steve Dawson and David Dodd have all resigned, and despite Matt Porter standing down as Chief Executive, he will remain as a club director with the O’s.

Porter took to Twitter soon after the announcement, saying: “A difficult day, my last as CEO after 8 years. Proud of what we have achieved though and confident the Club will go from strength to strength. But as the curtain comes down on his era, it opens for Francesco Becchetti, who is ambitious and determined to make us a Championship club.”

Hearn acquired the shares back in 1995 from Tony Wood, which made him one of the longest serving owners in the English football.

A full announcement regarding the club’s new board of directors will take place at a press conference on Thursday, which will be attended by both Hearn and Becchetti.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ilford Recorder visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ilford Recorder staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ilford Recorder account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Ilford Sports News

Yesterday, 17:00

Essex League T20 Cup runners-up ready to build more momentum and move away from relegation zone

Yesterday, 15:00

Steve Davis will take his O’s team to Badgers Sports Ground to face Gary Alexander and Mackie’s Borough

Yesterday, 14:39

Popular Accrington Stanley midfielder links up with Steve Davis at Brisbane Road

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most read sport

Show Job Lists

Competitions

Having a brand new kitchen is something that lots of people want but can only dream of. Sadly keeping up to date and making our living spaces as nice as they can be is a costly and incredibly stressful business. Even a fresh coat of paint makes all the difference but isn’t easy or quick.

Who wouldn’t love the chance to go on a shopping spree. Imagine being able to walk into a shop and choose whatever your heart desires without having to worry about how much it costs.

Digital Edition

cover

Enjoy the
Ilford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now