Nigel Travis completes Leyton Orient takeover, ending Francesco Becchetti's spell as O's owner
PUBLISHED: 16:57 22 June 2017
Life-long fan insists club can return to Football League, but knows several challenges are ahead
Leyton Orient have confirmed life-long O’s fan Nigel Travis has completed his takeover of the club, ending Francesco Becchetti’s three-year spell as owner.
The news was revealed this afternoon that business consortium Eagle Investments 2017 Limited had purchased the club.
The deal, details of which are confidential, is not associated with Dunkin’ Brands, the parent company of Dunkin’ Donuts and Baskin-Robbins.
Travis has been attending Orient games since he was a child and grew up near the stadium discussed his ambitions as owner.
He 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.”
Becchetti, who oversaw two relegations during his tenure as owner, wished O’s a bright future under Travis.
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 will serve as the Chairman of the Leyton Orient Board of Directors. Other directors will include Principal Investor, Kent Teague from Dallas, Texas.
In recognition of the fact that fan partnership is critical to the club’s success, there will be a fan representative on the Board.
Travis and the new management groups are also working to recruit an experienced Chief Executive, who will be responsible for the day-to-day commercial management of the club.
In the interim, future consortium investor, Marshall Taylor, a local businessman and long-time Leyton Orient fan, will serve as Interim Chief Executive.
Season tickets will go on sale soon and will be priced to reflect the National League status. A fan event will be planned before the start of the new season.