Former Leyton Orient board member and American businessman Nick Semaca is set to complete a takeover of Wealdstone.
Former Leyton Orient board member and American businessman Nick Semaca is set to complete a takeover of National League club Wealdstone.
The Stones' lease will be renewed at home ground Grosvenor Vale as part of the agreement, with Semaca, 67, entering a period of exclusivity to complete the deal by 31 October.
Wealdstone's shareholders voted overwhelmingly in favour to approve the takeover by Semaca's Lakefront Football Partners LLC group at an extraordinary general meeting on Saturday.
"Over the years, I've built a network of like minded investors who share my belief in sustainable success," Semaca told the club's website.
"I'm confident they'll join me in helping to secure an exciting and enduring future for Wealdstone FC.
"I'm honoured to even be considered to become part of this great club. Wealdstone has an extraordinary history, a passionate fanbase and a bright future and I'm thrilled at the chance to help build the next chapter."
Semaca was a director for management consulting firm McKinsey & Company before becoming involved in sports investment.
Following his retirement from McKinsey in 2013, he bought Illinois-based minor league baseball team Joliet Slammers - helping them to a league championship before selling the outfit to a group that included actor Bill Murray.
Semaca served on the Orient board from 2021 until April this year, when a consortium led by New York-based businessman David Gandler took over at Brisbane Road.
The O's won the League Two title and reached the League One play-off final during Semaca's time at the club.
Wealdstone currently sit 10th in the National League with 19 points after 14 games.
Category: General Sports
