Leyton Orient: Club in danger as owner given until 12 June to pay debts

Leyton Orient have survived a winding up order; however, they have been ordered to pay their debts by 12th June or sell the club.

The League Two team were brought a winding up petition by HMRC over unpaid taxes. The club has paid the tax debts, yet four other creditors are also requesting payment and those have not been made yet.

Investment

Chief Executive of the club, Alessandro Angelieri said that Francesco Becchetti, owner of the club would be investing 1 million to pay off current creditors over the next 8 – 10 weeks.

Insiders at the club believe that Francesco Becchetti should now sell the club and “make good on the promise that he’s made.”

Alessandro Angelieri bought the club in 2014 and during the last set of accounts, the club had a set of debts that exceeded the current market value of the club.

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