New Leyton Orient Owner Confirmed
American consortium GSG LOFC Limited has completed its
takeover of Leyton Orient.
The consortium, fronted by New York-based businessman David
Gandler, has complete a 100% takeover from Eagle Investments 2017 Limited, the
club's previous owner, with Gandler owning 78.55% as the majority shareholder.
In an official statement, the O's also confirmed that
chairman Nigel Travis will continue to hold his position at the club.
"This is an exciting time for our football club and I
am very happy to welcome David to Leyton Orient," Travis told Orient's
club website.
"Our new investment will enable us to continue our
on-pitch progression, whilst also pursuing other projects that will protect the
long-term future of Leyton Orient.
"Our investment search was a considered and thorough
process, which has lasted more than 14 months, and I am confident that David
can help to drive Leyton Orient forwards.
"On a personal level, I am proud to be continuing as
chairman. I will continue to be open and transparent with our loyal and
dedicated supporters."
Orient reported a loss of £3.7m in their most recent
accounts for 2023-34 despite posting record income of £7.7m.
The O's have been playing at Brisbane Road since 1937 but
have been open about their plans to build a new stadium in the near future.
Gandler is the co-founder and CEO of live streaming service
FuboTV. He previously owned a 17% stake in French club Paris FC, but sold it
last year.
"It is an honour for me to join Leyton Orient. At the
beginning of this process I quickly became inspired by the club's story and the
fighting spirit that it has in it's DNA," Gandler said.
"I don't intend on being too hands on with the
day-to-day running of the club. Nigel, CEO Mark Devlin and his staff have done
an incredible job on the business side and I have full confidence in them to
keep us progressing."
Orient, who currently occupy the last play-off spot in the
League One table, take on Wycombe Wanderers in their final home fixture of the
regular season on Saturday at 12:30 BST.