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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.
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