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.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ilford Recorder visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ilford Recorder staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ilford Recorder account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Ilford Sports News

Yesterday, 19:13

Hampshire’s Fidel Edwards produced a brutal evening spell of fast bowling to take two Essex wickets on a rain-affected third day in the Specsavers County Championship.

Yesterday, 17:00

The 50-year-old expresses his satisfaction at winning ‘one of the biggest tournaments in the country’

Yesterday, 16:00

Experienced striker has joined the Gunners youth academy and will coach their under-16s

Yesterday, 15:32

Former Harrow Borough youngster agrees three-month loan deal with National League club

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most read sport

Show Job Lists

Competitions

Having a brand new kitchen is something that lots of people want but can only dream of. Sadly keeping up to date and making our living spaces as nice as they can be is a costly and incredibly stressful business. Even a fresh coat of paint makes all the difference but isn’t easy or quick.

Who wouldn’t love the chance to go on a shopping spree. Imagine being able to walk into a shop and choose whatever your heart desires without having to worry about how much it costs.

Digital Edition

cover

Enjoy the
Ilford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now