Search

Leyton Orient's winding-up petition dismissed

PUBLISHED: 11:15 12 June 2017 | UPDATED: 11:15 12 June 2017

Francesco Becchetti at Leyton Orient during the 2015/16 season (pic: Simon O'Connor).

Francesco Becchetti at Leyton Orient during the 2015/16 season (pic: Simon O'Connor).

Archant

Francesco Becchetti settles debt with four creditors

Leyton Orient’s future remains in limbo despite the club having their winding-up petition dismissed this morning after chairman Francesco Becchetti paid off all creditors in full.

The O’s case at Rolls Building was heard just after 11am and as expected, all debts had been settled.

It means Orient live to fight another day with creditors such as Centre Circle Events Management and London Borough of Waltham Forest paid off in full.

O’s previously appeared in the High Court on March 20 over an unpaid tax bill to HM Revenue and Customs.

Having settled the debt to HM Revenue and Customs, it emerged four other creditors were still due money.

But Becchetti has now paid them all off in full, which at least means Orient will not go into administration.

If O’s had gone into administration, they would have started the new National League campaign with a points deduction.

Therefore a positive for Orient is that they have at least avoided administration, but a lot of questions remain unanswered.

The hope will be that Becchetti setting this debt will allow him to sell the club and end his time in east London.

But the worry will be that the Italian remains in charge and O’s continue in their current state of decline.

Related articles

Latest East London Sports News

Yesterday, 17:30

Saracens' Owen Farrell believes England's win over Ireland on Sunday was the perfect confidence booster ahead of their penultimate Guinness Six Nations clash with Wales on March 7, writes Ziad Chaudry.

Yesterday, 16:00

Leyton Orient striker Danny Johnson said it felt like a 'weight off his shoulders' after bagging his first goal for the club in their 2-2 draw with Oldham Athletic on Saturday.

So many positives come from narrow defeat to champions elect

Yesterday, 14:00

Play With A Legend is returning to Brisbane Road to host its fourth end of season, 'Play on the Pitch event' in four years.

Yesterday, 10:00

Leyton Orient head coach Ross Embleton has revealed plans are already being put in place for next season as they look to improve the squad.

The Hammers led champions-elect Liverpool in the second half, but could not cling on

Mon, 12:30

Leyton Orient midfielder Jobi McAnuff returned to training on Friday along with a host of the injured personnel.

Mon, 09:42

Leyton Orient head coach Ross Embleton has insisted his strong need a stronger mindset to kill games off after taking early leads after a 2-2 draw with Oldham Athletic.

PROMOTED CONTENT

Looking to rent in London? Securing the keys to a new home in any big city can be an ordeal but there is a way to avoid the common pitfalls of London rentals - dodgy landlords, dubious décor and downright dicey security.

Cauldron Foods' comedy night will give vegans the last laugh as Vegan comics dispel vegan myths.

Riverside flats to let are coming on the market in East London - at highly competitive rents. Too good to be true? A not-for-profit landlord explains how it works…

Most read sport

Digital Edition

cover

Enjoy the
Docklands and East London Advertiser
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Most Read

Latest from the East London Advertiser