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Tag: Leyton

EFL clubs could ‘disappear within five to six weeks’ – Leyton Orient chairman

EFL clubs could ‘disappear within five to six weeks’ – Leyton Orient chairman

Sports
Some EFL clubs will "disappear within five to six weeks" unless they get financial support, says Nigel Travis, chairman of League Two Leyton Orient.The idea includes reducing the Premier League to 18 clubs and scrapping the EFL Cup.In return, the EFL would get 25% of all future TV deals plus a £250m bail-out."If clubs don't get something soon you will see clubs disappear, I would predict, within 5-6 weeks," Travis told BBC Radio 5 Live.But he added: "One thing I need to quash is, this isn't about the pandemic, this is about a crisis in football that goes back many years."Before the pandemic, 75% of clubs were losing money - that can't continue. The pandemic has, if you like, exacerbated the problem and we need to get it fixed."I know you are talking about 'Project Big Picture' - this is a ...
Leyton Orient winding-up petition dismissed at High Court after creditors paid in full

Leyton Orient winding-up petition dismissed at High Court after creditors paid in full

Sports
Leyton Orient's Matchroom StadiumMonday, June 12, 2017A winding-up petition against Leyton Orient has been dismissed at a High Court hearing.Controversial owner Francesco Becchetti was given until Monday to pay off debts or sell the club following a previous hearing in March.A lawyer representing Orient told Registrar Sally Barber that all debts had been paid at a Bankruptcy & Companies Court hearing in London and she dismissed all bids to have the club wound up.Another judge had examined the case in March.Registrar Nicholas Briggs had adjourned applications.Bosses at an events management firm had told Registrar Briggs they were owed about £18,000.He had said he would adjourn Central Circle Event Management's application after hearing of plans to inject £1million into the O's.The judge...