Vanarama National League club Leyton Orient have confirmed that a consortium led by local businessman Nigel Travis has completed a takeover of the club.
The deal finally brings an end to Francesco Becchetti’s controversial ownership of the club.
In the four years since the Italian bought the club from Barry Hearn, Orient have suffered two relegations, with the latest seeing them drop out of the Football League for the first time in over a century.
Becchetti will now leave the club and believes he is leaving it in “good hands” with Travis and the Eagle Investments 2017 consortium.
Speaking to the club’s official website he said “I invested a great deal in the Club in good faith and have delivered the Club to Nigel Travis and his consortium without any debts to the banks, without arrears for taxes and salaries and in a normal situation with its suppliers. This is a position from which it can grow.
Over the last two years, I have, unfortunately, not been able to dedicate myself to following the Club as closely as I would have wanted. This is clearly the moment to leave the Club to others and I know that in doing so I am leaving it in good hands with Nigel Travis. I give my sincere best wishes to the fans and to the Club for a bright future, full of success.”
Travis, a life-long supporter of the club, expressed his delight at the takeover and assured supporters that he is aware of the responsibility he faces.
The sixty seven year old said ““I have been a passionate Leyton Orient supporter for my entire life and feel a great sense of responsibility to the players, the staff, the fans and the community. We have challenges in front of us, and I am not under-estimating those. However, over the long-term, we believe we can return the Club to the Football League”
Article: Mark Carruthers (@marknldaily)
Image: Reuters Media