Leyton Orient chairman Francesco Becchetti starts paying off creditors
PUBLISHED: 08:00 10 June 2017 | UPDATED: 10:07 10 June 2017
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Brisbane Road faithful unsure what will happen at the High Court on Monday
Leyton Orient are due back in the High Court on Monday over another winding-up petition, with fans hoping the day finally signals the end of Francesco Becchetti’s reign at the east London club.
The O’s were at the Westminster venue less than three months ago but avoided liquidation as the winding-up petition was adjourned after Becchetti settled a debt to HM Revenue and Customs and his lawyer promised to inject a further £1million into the club to pay off all remaining debts by June 12.
It emerged on Friday that the Italian may finally be fufilling his promise, although club staff have been paid their wages late for both March and April.
Several creditors are understood to have now been paid by the club, including the club photographer and London Borough of Waltham Forest, who were both named on March 20.
Meanwhile ex-chairman Barry Hearn revealed yesterday that rent was overdue on Brisbane Road, but Becchetti has now settled this debt.
There is also the small matter of the National League AGM today (Saturday) and despite the problems at Orient, it is expected the E10 club will be accepted into step five of the football pyramid.
O’s were then hoping to discover their fate on Monday with a number of potential outcomes, although the threat of liquidation small with Leyton Orient Fans’ Trust ready to make an application for administration if an order to wind the club up is made.
What the Brisbane Road faithful would have hopeed for is that Becchetti one way or another cededed control and the club could make a fresh start.
But this now seems unlikely on Monday with the O’s chairman appearing to settle his debts with the four creditors who came forward on March 20.
It is understood Bechetti will appeal to see the winding-up petition dismissed in the High Court, which will see him continue to be in charge of Orient.
While it is not the news O’s supporters hoped for, it could clear the way for the club to be sold to a potential buyer.
But as always with Becchetti, it is back to trying to second guess what the Italian’s intentions are and nobody can be sure why he has suddenly started settling debts with creditors.