Leyton Orient up for Sale...again...

[mowgli]

Bloody hell i feel for you Orient fans and lets not forget this shit could happen to any club that we support. More scrutiny is needed for any bid to take over a club in this country from the Premier League to League 2 and if it smells of shit you know it will be.

 

[DearneValleyRover]

If orient are just going to field youth is it another Doncaster rovers situation of late 90s on cards

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It certainly seems that way and having been through it I have nothing but empathy for the Orient fans. The only difference would seem that at least there will be youth players the week before our first game in the conference we only had 4.

 

[genesimmons]

It certainly seems that way and having been through it I have nothing but empathy for the Orient fans. The only difference would seem that at least there will be youth players the week before our first game in the conference we only had 4.

Notts county aint safe either another club fallen from grace but at least they have new owner. With reference to doncaster the conference was not as hard in them days. Dont think barely any teams were pro. Yous still did well to bounce back as same club not reformed club or out

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[Look Out There Are Llamas]

The podcast lads (normally accurate) are saying they've heard Becchetti is walking away at the end of the month with or without a buyer...

 

[Youpies]

I just can't see it. He has an asset that he can sell albeit from a huge loss what does he gain from walking away?

 

[Look Out There Are Llamas]

I just can't see it. He has an asset that he can sell albeit from a huge loss what does he gain from walking away?

He gets something back if the club goes into administration as all debts are from him...

It doesn't make much sense, but stopping your only senior goalkeeper doesn't make any sense. Binning off most of your pro players and not replacing them - thus running the risk of relegation and massive depreciation doesn't make sense... Nothing this person does makes sense.

 

[DearneValleyRover]

He might try and burn one of your stands down for the insurance, oh and we didn't own the stadium either (I wonder if he's related to our uncle ken the firestarter)

 

[The Terminator]

The podcast lads (normally accurate) are saying they've heard Becchetti is walking away at the end of the month with or without a buyer...

If he dumped us into administration now, it would confirm that we was just used as his play thing for the last three years.

It wouldn't suprise me if he did walk, so that when we go down he wasn't around in any capacity and everyone else has to take the flack and figure out what to do next.

His decision making over the last three years has left a bitter taste. So, so many players binned off or frozen out. Managers coming and going.

Let this be a warning to all lower league clubs about foreign owners buying your club - Particularly Italian ones, they don't seem to catch on to the culture here and have no patience at all.

Our youth team have been left to pick the pieces up, if we survive it will be a miracle.

 

[NolansOrient]

Relegation out of the football league is looming and I'm not even that worried about it.

I don't even mind if we go into administration to be honest, just so long as someone half reasonable comes in with an offer.

Conference football under a non-maniac is far preferable to even Premier League football under this spoilt man-child.

Sad times for our club.

 

[BlackHaddock]

Hope it is resolved somehow: supporting Orient must be difficult in normal times with so many 'Money Bags' teams on your doorstep, so now must be even worse. We stuck with Grimsby when were shit (no mad owner, just shit) and we are now on the mend.

 

[genesimmons]

This sure reeks of doncaster rovers. Surely better getting 10 point deduction now than next season

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[genesimmons]

Foreign owners are often a disaster outside the championship

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[Look Out There Are Llamas]

Winding up petition.

https://m.thegazette.co.uk/notice/2724193

 

[NolansOrient]

Winding up petition.

https://m.thegazette.co.uk/notice/2724193

The whole season's been a wind-up!

 

[mowgli]

Jesus just when you thought you have been through enough this season,i hate seeing any team in this situation with owners happy to destroy the club,let this be a warning to any fans being happy when a rich foreign owner buys your club.

 

[Pilgrim Meister]

He will file for administration now and walk I think

 

[Youpies]

We must have had 4 against us by HMRC this year. Its pretty much standard practice against Football clubs now, but the likes of our FTSE 100 companies get away without paying a penny.

I still can't see whats in it to put Orient into administration if all the loans are to him. Orient has no assets if Hearn still owns the ground, training ground etc. He'd literally get nothing, unless some players like Massey were sold

If he sells the club even its current state he'd probably get more for it

 

[Look Out There Are Llamas]

We must have had 4 against us by HMRC this year. Its pretty much standard practice against Football clubs now, but the likes of our FTSE 100 companies get away without paying a penny.

I still can't see whats in it to put Orient into administration if all the loans are to him. Orient has no assets if Hearn still owns the ground, training ground etc. He'd literally get nothing, unless some players like Massey were sold

If he sells the club even its current state he'd probably get more for it

Whilst they are standard practice in football (Southend get one every bloody week), it's normally through gaming the system. I think it's very unlikely Becchetti would do that, however there is a chance he forgot to pay - we've forgotten to pay our players before.

Taken from our mb:

A new rule was apparently introduced before the 2015/16 season that, after an insolvency, "the purchaser will be required to pay creditors a minimum of 35 pence in the pound over 3 years (or 25 pence on transfer of share) or face a further 15 point deduction at the start of the season following the insolvency event."

As Becchetti is certainly the largest creditor to the tune of many millions there is every chance this route would mean he receives more back than if he straight up sold - he's already rejected offers as they did not meet his valuation.

I guess we'll see in due course...

 

[NolansOrient]

Bye bye everyone, if you've got an away tie against us still to come I strongly recommend you attend.

We won't exist soon.

 

[Pilgrim Meister]

Whilst they are standard practice in football (Southend get one every bloody week), it's normally through gaming the system. I think it's very unlikely Becchetti would do that, however there is a chance he forgot to pay - we've forgotten to pay our players before.

Taken from our mb:



As Becchetti is certainly the largest creditor to the tune of many millions there is every chance this route would mean he receives more back than if he straight up sold - he's already rejected offers as they did not meet his valuation.

I guess we'll see in due course...

Exactly. He will walk then call in the debt, which if a new owner is found will have to pick up the pieces.

 

[Youpies]

Assuming he's put in 11m as has been previously talked about I think that's around 3.8m. I reckon he could get that for orient from the right buyer. Admin is a big risk cause he could force liquidation which means he gets naff all

 

[Vanni]

No too sure 'Becchetti Out!' will find anybody willing to give him close to 4 mil for the club if I'm being honest.

 

[Look Out There Are Llamas]

No too sure 'Becchetti Out!' will find anybody willing to give him close to 4 mil for the club if I'm being honest.

For a probable non-league club that doesn't own their ground...

 

[Pilgrim Meister]

Assuming he's put in 11m as has been previously talked about I think that's around 3.8m. I reckon he could get that for orient from the right buyer. Admin is a big risk cause he could force liquidation which means he gets naff all

Don't forget, it's just est 4m for the club. Add on account debts to other creditors on top, and you could probably see why a buyer wont go in. The Youth set up has also been left to deteriorate, which at a club like Orient is what keeps the £££ rolling in from selling up and coming players. So a new owner would need to invest 10m plus just to get the club heading towards profit.

To the Os fans, have a read of Sitton's autobiography (even if you like or hate him). Seems like history repeating itself and that he was right in regards to the YTS and centre of excellence, and how important it was to Orient in regards to turning over enough cash to keep it in the black.

Becchetti has two choices. File for administration and take what he can get, or let the club get liquidated.

 

[The Terminator]

Its been coming for a while as I said a few months back. He could be toying with the fans emotions after the protest to repair his damaged ego - But then its just being plain disrespectful to the clubs admin employees, players and coaches who give everything for the club everyday.

I'm fairly sure he will file for administration and wipe his hands of the whole thing once and for all.

This is a man who is from a vastly wealthy family who have given him money to play with for a long time.

He could easily pay the tax bill now if he wanted to, but he won't. He's going for the ego trip.

Dumping us into a financial meltdown and facing liquidation will be his final "fuck you" to the fans who told him what an awful job he was doing anyway.

His vollyball team went down a similar path, as has his tv channel in Albania. The man has no idea how to deal with and manage people within a business.

 

[E10rifle]

Don't forget, it's just est 4m for the club. Add on account debts to other creditors on top, and you could probably see why a buyer wont go in. The Youth set up has also been left to deteriorate, which at a club like Orient is what keeps the £££ rolling in from selling up and coming players. So a new owner would need to invest 10m plus just to get the club heading towards profit.

To the Os fans, have a read of Sitton's autobiography (even if you like or hate him). Seems like history repeating itself and that he was right in regards to the YTS and centre of excellence, and how important it was to Orient in regards to turning over enough cash to keep it in the black.

Becchetti has two choices. File for administration and take what he can get, or let the club get liquidated.

Our youth set up isn't deteriorating - it's outstanding.

Spot on other than that, though.

 

[The Terminator]

Barry Hearn has spoken:

http://www.telegraph.co.uk/football...rient-absolute-disaster-barry-hearn-launches/

 

[Pilgrim Meister]

Our youth set up isn't deteriorating - it's outstanding.

Spot on other than that, though.

I stand corrected, but after reading the book, the whole youth set up at Orient were his idea's before Bazza got rid.

 

[Luke Imp]

For a probable non-league club that doesn't own their ground...

Why has he invested so much in a team who don't own their ground. That's the main part of a football club! Did Hearn take it out of the deal or is it Council owned?

I'm assuming, with assets of £5m, you must have a training ground or something that is owned by the club?

 

[Look Out There Are Llamas]

Assets of £5million? Fuck you on about dHearn owns the ground as part of his pension fund, sold it to himself. Training ground, haven't a clue who owns that tbh.