Leyton Orient, one among London’s oldest skilled soccer golf equipment, is kicking off a seek for new buyers.
Potential buyers have begun being sounded out in latest days a couple of deal, in keeping with insiders.
The hunt for brand spanking new backers makes Leyton Orient the most recent English Soccer League membership to discover a partial or full sale, with Studying and Preston North Finish amongst these engaged in comparable processes.
Leyton Orient is majority-owned by Eagle Investments, a consortium of people led by Nigel Travis, its chairman, and Kent Teague, its vice-chair.
They’re understood to be intent on remaining as shareholders after any deal.
Its 9,500-capacity residence floor, the Gaughan Group Stadium, is owned by Barry Hearn, the sports activities promoter.
Picture:
Leyton Orient’s Omar Beckles (left) and Wrexham AFC’s Jack Marriott throughout a League One match final month. Pic: PA
The membership has been by way of a turbulent decade, reaching the brink of promotion to the Championship in 2014 earlier than enduring successive relegations to the Nationwide League.
It has additionally had a lot of house owners throughout that interval.
The O’s now sit in nineteenth place in English soccer’s third tier, and are exploring relocating away from their east London base to a bigger stadium.
One potential purchaser who has been contacted in regards to the course of mentioned the stake sale was being carried out by Oakvale Capital.
A spokesperson for the membership mentioned: “Earlier in 2024, the club’s board of directors outlined to its supporters a new medium-to-long-term target; to grow Leyton Orient into a club that can compete sustainably at Championship level.
“For this to be achievable, the board believes that new funding is required.
“New investment will enable the club to redevelop its training ground and also build a new stadium, which in turn will generate new and greater matchday and non-matchday revenue streams to further grow the football club on and off the pitch.”
They added: “The Leyton Orient board remains committed to being transparent with its supporters – who are the lifeblood of the football club – and its next Fans Forum meeting is set to be organised for November 2024.”
