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Leyton Orient sold...

an Italian.

Hearn etc all step down

Comments

  • tangoflash
    tangoflash Posts: 10,784
    Mama mia..................
  • Badger
    Badger Posts: 4,842

    an Italian.

    Hearn etc all step down

    How much was the club sold for?
  • Callumcafc
    Callumcafc Posts: 63,766
    Which Italian did they sell? Super Mario?
  • Bedsaddick
    Bedsaddick Posts: 24,741

    an Italian.

    Hearn etc all step down

    Eh ?
  • ValleyGary
    ValleyGary Posts: 37,982
    Haven't they just given up the fight for the Olympic Stadium? Maybe Hearn's just had enough.
  • PragueAddick
    PragueAddick Posts: 22,145
    According to Mat Roper of Stand Up for the Orient

    In short, the club has fully confirmed they are in takeover talks with a Mr Becchetti, an Italian businessman who runs a company called BEG which specialise in renewable energy and waste management. He is apparently worth a net £1.5bn, but the darker side reveals implications in some dodgy waste scam in Albania and that his uncle has been implicated on fraud charges

    He was interested in buying Birmingham but ran into financial problems at St Andrews (I know they are up against it).

    He then wanted Reading but they have three owners so a difficult deal.

    Hearn owns 98.2% of the O's, the ground etc so in terms of a sale a simple one.


  • Bedsaddick
    Bedsaddick Posts: 24,741
    Waste management ? Wasn't that Tony Soprano's line of work . Mmmm
  • Waste management ? Wasn't that Tony Soprano's line of work . Mmmm

    Bada bing.
  • Absurdistan
    Absurdistan Posts: 8,024
    Waste Management, surely the toolbox would have made a more attractive option.
    A rubbish dump next to an incinerator.
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  • redredrobin
    redredrobin Posts: 433

    Waste management ? Wasn't that Tony Soprano's line of work . Mmmm

    Bada bing.
    image

  • bigstemarra
    bigstemarra Posts: 5,098
    Exactly what I was thinking, Beds......

    Could be an interesting time ahead for the O's. Hope they come out of it OK, i've got a soft spot for them and admire their supporters for sticking with it despite being overshadowed by their neighbour who really didn't need to be handed a subsidised stadium to further increase the margin between them.....
  • creepyaddick
    creepyaddick Posts: 6,152

    Exactly what I was thinking, Beds......

    Could be an interesting time ahead for the O's. Hope they come out of it OK, i've got a soft spot for them and admire their supporters for sticking with it despite being overshadowed by their neighbour who really didn't need to be handed a subsidised stadium to further increase the margin between them.....

    Didn't they get a large pay off though?
  • PragueAddick
    PragueAddick Posts: 22,145

    Exactly what I was thinking, Beds......

    Could be an interesting time ahead for the O's. Hope they come out of it OK, i've got a soft spot for them and admire their supporters for sticking with it despite being overshadowed by their neighbour who really didn't need to be handed a subsidised stadium to further increase the margin between them.....

    Didn't they get a large pay off though?
    There is no evidence of that yet. And as I said before,the club and its owner is one thing, the fans quite another.
  • orpingtonRED
    orpingtonRED Posts: 3,474

    Waste management ? Wasn't that Tony Soprano's line of work . Mmmm

    Bada bing.
    haha the mafia are moving in. The O's are my 2nd team...for family reasons...and I always follow their results. Obviously hate when they beat us as usual but its ok to have a 2nd London team isn't it?
  • Waste Management, surely the toolbox would have made a more attractive option.
    A rubbish dump next to an incinerator.

    And there's a sewage farm too...
  • kentaddick
    kentaddick Posts: 18,729

    Waste management ? Wasn't that Tony Soprano's line of work . Mmmm

    Bada bing.
    image

    stuff like this is what made that show so goddam brilliant.

    but its all a racist stereotype, obviously

    https://www.youtube.com/watch?v=GYn-o7rUY8I
  • cafcfan
    cafcfan Posts: 11,198

    Waste management ? Wasn't that Tony Soprano's line of work . Mmmm

    Well Leyton Orient can be anagrammed to "Lire Note Tony"......
  • Richard J
    Richard J Posts: 8,033
    edited July 2014
    Orient is local to me , I can walk to their ground in half an hour.Like many others I see them as a second team.Its funny but when I first followed Charlton in the 70's I saw them as a similar club to us .The last 30 years have not been kind to them.

    I am surprised that they have been taken over because unlike us they are geographically hemmed in and don't have much of a catchment area . Go to the south you have the River Thames , the West and and you are soon into Arsenal country , to the north Spurs and the east the happy Hammers. Given that Hearn sold off the corners and has created a NHS Ply Clinic in the main stand the capacity of Brisbane Road is only about 9,000 and has no available land to expand .

    I think the potential for growth is limited even had they got promoted . I notice that Bazza has kept ownership of the ground . Given the price of land in London , I wouldn't be surprised if the O's move out to a greenfield site somewhere like Harlow at some stage .

    I also fear for Russell Slade. In my view he performed a minor miracle in getting Orient within reach of the Championship , but I do not think he is not the sort of managerial name that overseas investors go for . Does this guy own any Italian clubs, this could be another network ?

  • msomerton
    msomerton Posts: 2,973
    Would not want to beat them now, because the wining manager could end up sleeping with the fishes.
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  • NomadicAddick
    NomadicAddick Posts: 2,114
    got a real soft spot for them, mate is a huge orient fan and went to the play off final with him last year. They were so close its terrible to see them doing this badly this season. Hopefully they can get out of it. 1-1 at home to 10 men port vale atm...
  • E_cafc
    E_cafc Posts: 2,617
    2.1 up now