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Orient Still In Mortal Danger

Orient Still In Mortal Danger

Leyton Orient's immediate threat of being wound up was avoided this week when a court case was adjourned. But Orient are still in 'mortal danger' according to Adam Michaelson.

Commenting after the club survived the winding up petition brought by HMRC over unpaid taxes the legal adviser to the Leyton Orient Fans' Trust (LOFT) told BBC Radio London.

'It leaves the club in a state of significant uncertainty and frankly mortal danger. In respect of a potential sale, we would call upon Mr Becchetti now to look to sell the club at the earliest possible opportunity and make good on the promise that he's made.'

These tax debts have been settled but Orient still owe money to four investors with Italian owner Francesco Becchetti having until 12th June to pay this off or sell the O's.

Orient chief executive Alessandro Angelieri reportedly issued a statement to the court claiming Becchetti would invest £1m to pay off remaining debts in eight to 10 weeks.

The battle to stay in the Football League could technically still be won by Orient but the main priority is the future of the club full stop.

LOFT continue fund raising efforts with the possibility of a phoenix club launched among the options being explored.

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Writer:Site Staff
Date:Wednesday March 22 2017
Time: 10:38AM

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