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Home: All Other Football Interests: Premier League & Football League:
Leyton Orient Winding Up Petition

 

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Ropemaker
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Mar 1, 2017, 2:40 PM

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Leyton Orient Winding Up Petition Can't Post or Reply Privately

http://www.bbc.co.uk/sport/football/39126425



Just because you're paranoid, it doesn't mean they're not out to get you.


007Dale
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Mar 1, 2017, 5:08 PM

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Re: [Ropemaker] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

I read in the evening standard yesterday that the fans are trying to raise £100k to support the club out of administration or reform a club in the event of liquidation.

They quoted Darlington, Chester and Hereford as successful relaunches, I just fear that it'll be harder for a London team so close to other established clubs, instead of distinct town team.

But then Wimbledon have managed it.


windydcfc
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Mar 1, 2017, 5:18 PM

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Re: [007Dale] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

If they go down & are saddled with that sort of debt. Then I can see this ending very badly.


Herb Alpert
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Mar 1, 2017, 6:51 PM

Posts: 912
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Team(s): Leyton Orient, whoever is playing w*** h**

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In Reply To
They quoted Darlington, Chester and Hereford as successful relaunches, I just fear that it'll be harder for a London team so close to other established clubs, instead of distinct town team.


I totally agree that Darlington, Chester and Hereford are not similar situations due to location. Wimbledon are also a poor analogy as they were galvanised by a perceeved injustice of their club being moved away.

I see two scenarios: 1) Liquidation. A phoenix club started by the fans club, probably in the Essex Senior League. Not sure if the new club could afford the rent that Barry Hearn could charge to use Brisbane Road. The fans trust are holding a meeting tomorrow (2nd March) to discuss options.

2) The HMRC are paid off and Becchetti remains in control. Orient will go down this season and will probably be relegated next season as well. A analogy would be Stockport County who are also located close to bigger clubs.

There is a 3) but I cannot see anyone sensible meeting Becchetti's asking price.


ladderman
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Mar 1, 2017, 9:44 PM

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Re: [Herb Alpert] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

The obvious ground share for a new club is D&R but is it in their long-term interest to help the club they battle for crowds with?

Maybe a lifeline for the Hare & Hounds?


Tykeoldboy
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Mar 1, 2017, 9:54 PM

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Post #6 of 137 (11836 views)
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Re: [ladderman] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

Is there a reason why Barry Hearn still owns Brisbane Road?


ladderman
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Mar 1, 2017, 9:58 PM

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Post #7 of 137 (11831 views)
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Re: [Tykeoldboy] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

Yes. He's more intelligent than the current LOFC owner


Herb Alpert
Reserve Team Star

Mar 1, 2017, 10:03 PM

Posts: 912
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Team(s): Leyton Orient, whoever is playing w*** h**

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In Reply To
Is there a reason why Barry Hearn still owns Brisbane Road?


H£arn (or more accurately Matchroom Sport pension scheme) ownes a 985 (approx) lease from Waltham Forest council. Wisdom amongst more knowledgable people is to do with the flats at the ground and possible future development at the ground.

Fortunately Becchetti has not taken up an option to buy the lease from Matchroom, which expired last summer, otherwise we would be well up **** creek.


Tykeoldboy
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Mar 1, 2017, 10:04 PM

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In Reply To
Yes. He's more intelligent than the current LOFC owner


Is Barry wanting to demolish the ground and build a snooker hall instead?


Eastbourne
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Mar 1, 2017, 10:17 PM

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Post #10 of 137 (11815 views)
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Re: [Tykeoldboy] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

Do the flats in the corners of the ground, actually belong to the ground or club itself?
Would those flats affect any future planning permission?


Herb Alpert
Reserve Team Star

Mar 1, 2017, 10:29 PM

Posts: 912
Location: Romford
Team(s): Leyton Orient, whoever is playing w*** h**

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In Reply To
Do the flats in the corners of the ground, actually belong to the ground or club itself?
Would those flats affect any future planning permission?


Freehold is owned by the occupants, leasehold I am not sure but I would not be surprised that H£arn does not have his fingers in the pie. The club do not have any revenue from the flats as far as I am aware, but during H3arns tenure some of the flats were leased to club employees as part of their deal. Russell Slade lived in one when he was Orient manager.


MrTangerineMan
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Mar 3, 2017, 7:29 AM

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Post #12 of 137 (11639 views)
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Re: [Herb Alpert] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

Very sad news about Leyton Orient - I wonder if Barry Hearn would come back as Chairman, or maybe his son?

Leyton Orient, like Blackpool, have a clown of an owner and both sets of fans will be marching with each other at the Blackpool v Leyton Orient game (which is also the final match of the season).

I wish them all the best - they will need it!


Herb Alpert
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Mar 3, 2017, 7:50 AM

Posts: 912
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Re: [MrTangerineMan] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately


In Reply To
Very sad news about Leyton Orient - I wonder if Barry Hearn would come back as Chairman, or maybe his son?

Barry has said he is not coming back, but is willing to help if the Fans Trust need to go the phoenix club route as Matchroom Sports' pension fund own the ground lease. Eddie Hearn seems to have no interest in Orient, certainly not involved when his father was chairman.

Leyton Orient, like Blackpool, have a clown of an owner and both sets of fans will be marching with each other at the Blackpool v Leyton Orient game (which is also the final match of the season).

Whilst both clowns they are total opposites. The Oystons seem to be desperate to maintain control at Blackpool the Becchetti/Condomiti family want to be rid of Orient. Mad Frankie has previously closed down a volleyball club in Italy when he became bored and seems determined to liquidate Leyton Orient if he cannot get anyone to pay his asking price.

I wish them all the best - they will need it! Thank you.



ladderman
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Mar 3, 2017, 11:49 AM

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Re: [Herb Alpert] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately


Quote
Mad Frankie has previously closed down a volleyball club in Italy when he became bored and seems determined to liquidate Leyton Orient if he cannot get anyone to pay his asking price.


That does seem to be the O's biggest problem. A normal "want out" owner would aim to bring in as much money for the club as possible (even if that means selling it to someone a bit dodgy), but this bloke has the hump with people who've dared criticise him and had come up with a pay-it-or-leave-it number as is willing to write the club off to save face. This really could end badly.


Unicorn
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Mar 20, 2017, 12:02 PM

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Post #15 of 137 (11096 views)
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Re: [ladderman] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

It all appears to have been sorted.


scottywalds
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Mar 20, 2017, 6:15 PM

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Re: [Unicorn] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately


In Reply To
It all appears to have been sorted.


http://www.cityam.com/...ned-until-june-owner


Quote
Becchetti settled the unpaid tax bill but, at a High Court hearing today, was given until 12 June to pay off four other creditors including Waltham Forest Council.



Herb Alpert
Reserve Team Star

Apr 13, 2017, 7:32 PM

Posts: 912
Location: Romford
Team(s): Leyton Orient, whoever is playing w*** h**

Post #17 of 137 (10386 views)
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Re: [scottywalds] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

In the latest farce involving Leyton Orient, someone at the Football League has decided to ask the Leyton Orient Fans Trust to meet the club's medical expenses to the end of the season. Surely the League should be asking it's member club to meet it's commitment? Not only does this say volumes about the Football League's "Fit and Proper Persons Test" but it sends a terrible precident that supporters groups should be asked by the football authorities to bail out generally much richer club owners/directors.

LOFT have declined the request as it was not part of the mandate of the regeneration fund that they have been collecting for over the last couple of months. Not even Brian Rix could have made this up!


Eastbourne
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Apr 19, 2017, 9:57 PM

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Post #18 of 137 (10162 views)
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Re: [Herb Alpert] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

It gets worse


Staff at Leyton Orient say they have had no correspondence from club owner Francesco Becchetti as they await their wages for March.
In a statement, club employees say they are "hugely concerned" by the "lack of communication" from the O's hierarchy.
Orient are bottom of League Two and their 112-year Football League stay could end with relegation on Saturday.
"We appeal to the club's directors to communicate the situation and provide us with an update regarding our pay."
The statement added: "A formal grievance was raised by club staff in lin e with the club's policies and procedures, though to this date it remains unacknowledged with no indication as to when, or if, we are to be paid."
The club's staff are due to be paid their April wages in nine days' time.
The East London side were the subject of a winding-up petition brought by HM Revenue & Customs over unpaid taxes, and while those debts have now been paid, money is owed to four other creditors.
Orient also survived an immediate winding-up order last month, with Italian Becchetti given until 12 June to pay off debts or sell the club.
"With debts continuing to mount and us as staff not being paid our contractual wage, it raises questions as to whether the directors are on course to meet this arrangement," the staff statement continued.
"Despite their concern club staff have continued in their respective roles, rallying behind the team in their bid to preserve Leyton Orient's proud English Football League association."


garethwrexy
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Apr 20, 2017, 4:39 PM

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Post #19 of 137 (10019 views)
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Awful to happen to such nice club



wrexham fc fa trophy winners 2013 !


stugg93
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Apr 20, 2017, 8:17 PM

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Post #20 of 137 (9970 views)
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Re: [Eastbourne] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

You really do wonder whether the club will make it to next season at this rate? Very sad, may well save another ex-football league side from humiliation to the 6th tier (York or Torquay) but I really hope Leyton Orient do survive, I've never been particularly fond of Orient but I don't want them bust. Becchetti is a complete and utter disaster and the fact a millionaire/ billionaire can't be bothered to pay the little people that run the club day to day at Orient is disgusting.


Robert Kilcoyne
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Apr 20, 2017, 9:02 PM

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Post #21 of 137 (9955 views)
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Re: [stugg93] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

If Leyton Orient FC is liquidated by the court on 12 June, it will create a lot of work for the FA Leagues Committee, as the 2017/18 league constitutions would probably not have been finalised by then.

As only one team would come down into the National League from League Two, I would assume that the team finishing 21st in the National League would then be reprieved.

This would then create a ripple effect across National League North and South, with the team finishing 20th with the better PPG being reprieved, but this could be complicated further if Gosport Borough finishes above the bottom three in National League South but is then demoted.

Also, if the three remaining teams relegated from the National League are all northern (Southport and North Ferriby are already relegated, and any one of York City, Guiseley, Solihull Moors and even Chester FC could join them) and if Leamington win the Southern League Premier playoffs, then it would be necessary to transfer one of Brackley Town or Gloucester City from National League North to National League South.

As a phoenix Orient club would be unlikely to be allowed to enter the pyramid above step 5, the Isthmian, Southern and even Northern Premier Leagues would be affected, as it would be necessary for a club to be reprieved at steps 3 and 4 (presumably on PPG across the step) and this could cause more lateral movements.

Even if Leyton Orient FC was not liquidated after the court hearing in June, but was placed in administration, could the National League make entry conditional on a bond being lodged by the club's owners so that the other clubs would not be affected financially if Leyton Orient FC failed to complete its fixtures (the Chester City fiasco is fresh in the memory here)?

If, as is increasingly possible, Leyton Orient FC ceases to exist after 12 June, could the FA Leagues Committee decide to delay the provisional allocations for steps 1 to 4 until the situation at Leyton Orient FC is clarified?


Robert Kilcoyne
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Apr 21, 2017, 4:52 PM

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Post #22 of 137 (9805 views)
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Re: [stugg93] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

The Devon News believes that the crisis at Leyton Orient could save Torquay United from relegation from the National League

http://www.devonlive.com/could-the-situation-at-leyton-orient-give-torquay-united-a-reprieve-should-the-worst-happen/story-30285022-detail/story.html


bmavfc
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Apr 21, 2017, 4:55 PM

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Post #23 of 137 (9803 views)
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Re: [Robert Kilcoyne] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

The one think I don't get is surly the bond goes to paying the staff so why aren't the FL handing it over though I guess I'm wrong?


garethwrexy
Man City Transfer Target!

Apr 21, 2017, 5:13 PM

Posts: 8163
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Post #24 of 137 (9790 views)
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Re: [Robert Kilcoyne] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately

If Leyton orient go be sad day for London football



wrexham fc fa trophy winners 2013 !


windydcfc
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Apr 21, 2017, 5:27 PM

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Post #25 of 137 (9787 views)
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Re: [Robert Kilcoyne] Leyton Orient Winding Up Petition [In reply to] Can't Post or Reply Privately


In Reply To
The Devon News believes that the crisis at Leyton Orient could save Torquay United from relegation from the National League

http://www.devonlive.com/...22-detail/story.html

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