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emfizz.com March 24, 2017


Leyton Orient: O's survive winding-up order

21 March 2017, 01:18 | Andy Ferguson

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Wearing a leather jacket with yellow collar, he left the former Red Lion pub, which closed in 2009 and has been turned into a stunning townhouse.

The league's governing body said last week that the club had assured them that funds were in place to clear the debt and on Monday the court was informed the bill had been settled.

But he has overseen a disastrous reign since, as Orient tumbled to the very bottom of the entire Football League, where they now lie seven points from safety.

Outside court, fans said they would like to see Orient under new ownership.

Four other creditors are believed to be owed money by the ailing east Londoners, while the club photographer is said to be owed £6,000.

Waltham Forest Council are owed £35,000, and there are other creditors too who must be paid who are entitled join the continued petition.

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A bid to wind up League Two club Leyton Orient has been adjourned until June.

Adam Michaelson, the trust's legal adviser, said he suspected the total debt was much bigger that the figures which emerged in court and added: "This club is still in mortal danger".

Leyton Orient have been given an extension until 12th June to pay off remaining debts following todays winding up hearing.

Orient, who only missed out on promotion to the Championship on penalties in 2014, lie seven points from safety at the foot of League Two following Saturday's 4-1 home defeat by Doncaster.

Fans wonder how he can afford this luxury, and still steer the club towards possible liquidation?

"In respect of a potential sale, we would call upon Mr Becchetti now to look to sell the club at the earliest possible opportunity and make good on the promise that he's made".



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