Search

Leyton Orient settle debt with HM Revenue and Customs, but have until June 12 to pay off other creditors

PUBLISHED: 11:51 20 March 2017 | UPDATED: 12:40 20 March 2017

Leyton Orient fans applaud the team off at the full-time whistle after losing 4-1 to Doncaster Rovers (pic: Simon O'Connor).

Leyton Orient fans applaud the team off at the full-time whistle after losing 4-1 to Doncaster Rovers (pic: Simon O'Connor).

07958 573219 simon.oconnor@virgin.net

Alessandro Angelieri provides witness statement in High Court which confirms O’s chairman Francesco Becchetti will inject a further £1 million into the club to pay off outstanding debts

Leyton Orient’s debt to HM Revenue and Customs has been paid in full, but the club owe four other creditors it has been revealed in the High Court this morning.

The O’s were served with a winding-up petition on March 1 by HM Revenue and Customs over an unpaid tax bill.

The outstanding money was understood to have been around £250,000, but that debt has been settled.

However, there are four other creditors who are still owed money including Central Circle Events Management Ltd, who provide match day stewards.

Orient’s chief executive Alessandro Angelieri provided a witness statement, which confirmed chairman Francesco Becchetti will inject a further £1 million into the club within eight weeks to pay off all outstanding debts.

Waltham Forest Council are understood to be owed £36,000 while the club photographer is owed £6,000.

The High Court judge has granted O’s chairman Becchetti until June 12 to pay off the outstanding debts or sell the club.

It means Orient live to fight another day in the short-term and should now fulfil the rest of their League Two matches.


If you value what this story gives you, please consider supporting the East London Advertiser. Click the link in the orange box above for details.

Latest East London Sports News

17:01

The RFU has welcomed the news that government has given the green light for 15-a-side contact rugby union to return at grassroots level, subject to adaptations.

07:00

Jarrod Bowen shines for West Ham as his goal and assist guided them to a third consecutive win and moved them up to fifth in the Premier League with a narrow 2-1 victory over Aston Villa.

Yesterday, 09:14

Leyton Orient head coach Ross Embleton says his side showed real spirit and deadly finishing as they came away from Port Vale with a 3-2 victory in a match where they had to sit deep and defend.

Saturday, November 28, 2020

League Two: Port Vale 2 Leyton Orient 3

Friday, November 27, 2020

Leyton Orient head coach Ross Embleton understands perspective will be important as they look to get themselves into the League Two play-off places.

Thursday, November 26, 2020

Leyton Orient head coach Ross Embleton has revealed it could be a chance for young creative attacker Jordan Maguire-Drew to shine as they travel away to Port Vale.

Thursday, November 26, 2020

Leyton Orient head coach Ross Embleton has revealed the club is already working on a number of contract extensions for players, including top goal scorer Danny Johnson.

PROMOTED CONTENT

Let’s get physical! One of the dangers of lockdown is to be lulled into laziness, watching too many box sets, and eating and drinking too much, but there is no excuse to not start exercising to get fit and stay healthy.

UK Government Chancellor Rishi Sunak has announced extra measures to support workers and businesses throughout winter, including a furlough scheme extension paying 80 per cent of staff wages.

The way the UK does business with Europe changes from January 1, heralding a new start. All companies that trade with the EU need to act now to make sure they are set to go.

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

Latest from the East London Advertiser