Sports News | US TV Executive Gandler is the New Majority Shareholder of London Club Leyton Orient
Get latest articles and stories on Sports at LatestLY. American TV executive David Gandler has become the new majority shareholder at English third-tier soccer club Leyton Orient.
London, Apr 26 (AP) American TV executive David Gandler has become the new majority shareholder at English third-tier soccer club Leyton Orient.
New York-based Gandler co-founded FuboTV in 2015 and remains chief executive of the live streaming news, entertainment and sport service.
Orient, sixth in League One and in a playoff position for promotion, said on Friday the deal has been sanctioned by the relevant governing bodies, and new parent company GSG LOFC Limited has taken 100% of Eagle Investments 2017 Limited, the club's former parent company.
Gandler will own 78.55% of the newly formed entity. There were eight minority shareholders.
“At the beginning of this process I quickly became inspired by the club's story and the fighting spirit that it has in its DNA,” Gandler told the website of the London-based club.
"Leyton Orient has recovered from, and become stronger for, the adversity it suffered a decade ago and now it is in a position where I hope I can help to maintain the upward trajectory that has been in place under Nigel's (Travis, chairman) stewardship.
“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. Our aim is to become a (second-tier) Championship club."
Gandler is set to attend Orient's last home league fixture of the season against Wycombe on Saturday. (AP)
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