A company led by American businessman David Gandler has completed a full takeover of Leyton Orient.
The League One outfit confirmed the acquisition on Friday as GSG LOFC Limited took full control of the club from former parent company Eagle Investments 2017 Limited.
Gandler, who graduated from Boston University in 1997 with a degree in Economics, is a co-founder of sports streaming service fuboTV.
Just two years ago, fuboTV had two million subscribers and generated yearly revenues of over $1.4billion (£1.05billion).
With the new ownership structure settled, the club unveiled a bold six-point plan as it embarks on a fresh chapter.
Perhaps the biggest selling point in the plan is the desire to build a new stadium in Waltham Forest.
The O’s have called Brisbane Road home since 1937 but boasts a capacity just shy of 9,300.
There is also the expectation significant upgrades will be made to the club’s training facilities to attract a higher calibre of players.
Other elements in the plan include the O’s becoming a sustainable club that competes in the Championship, enhance their academy pathways, inspire the local community via the Leyton Orient Trust and support the continued development of its women’s team.
Incumbent chairman Nigel Travis, who will remain in his post, welcomed the fresh investment that will ‘protect’ the future of his beloved club.
“This is an exciting time for our football club and I am very happy to welcome David to Leyton Orient,” Travis said.
“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, such as a new stadium and training facility.
“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.”
Gandler’s investment into the London outfit is not his first foray into football ownership.
The American fronted a consortium that acquired 17 per cent of French side Paris FC in 2021, but he sold his stake in 2024.
The Parisian outfit are now on the brink of being promoted to Ligue 1.
Gandler declared it ‘an honour’ to join the League One club and claimed its ‘fighting spirit’ was a driving force behind his desire to take over.
“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 stewardship,” 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.
“On the field, the club’s rise in recent years speaks for itself.
“Our aim is to become a Championship club in the future. We hope to achieve this by making sensible investments in our playing squad and off-pitch projects.
“Whilst we are very ambitious, we will not spend recklessly and will never make decisions that could jeopardise the future of this special football club.
“I still have lots more to learn about Leyton Orient and our fans and I’m very much looking forward to embracing those history lessons and meeting supporters in person.”
Gandler is expected to be in attendance for Leyton Orient’s crunch clash against promotion rivals Wycombe Wanderers at Brisbane Road on Saturday.
The O’s sit sixth in League One on 72 points, equal with seventh-place Reading with only a nine-goal differential separating the two clubs.
With just two league fixtures remaining, the destiny of Richie Wellens‘ side is in their own hands as they vie for an unlikely Championship berth.
