Her Majesty’s Revenue and Customs (HMRC) have reportedly served a winding-up petition on Leyton Orient due to an unpaid tax bill. The club is scheduled to have their case heard on 20 March 2017 at the High Court.
Orient Fans Fund Raiser
Leyton Orient fans’ trust (LOFT) are trying to raise money for the ‘disaster recovery’ fund following the winding-up petition. The fans will be holding a meeting to raise the funds, however, the petition is reportedly just the latest development in a crisis against Orient.
LOFT have called on Mr Becchetti (the owner of the club) to settle the unpaid tax bill prior to the hearing on 20 March 2017. The trust has said:
“the coming days and weeks may be the most important in Orient’s 136-year history”.
The trust aims to raise an initial target of £100,000, which would hopefully mean that LOFT can play a part in the club’s future; despite whether Becchetti sells them or the club falls into insolvency. This is not the first time a club’s fans have involved themselves in a financial crisis, clubs such as Portsmouth and Exeter City have seen this previously.
Winding-up Petition Solicitors
If you have received a winding up petition our legal experts are able to provide legal advice and representation. Our team of solicitors and barristers can obtain a court adjournment; CVA’s or successfully challenge the validity of the winding up petition to ensure that the petition is dismissed, often without public advertisement.
We have represented football and other sporting clubs in disputes with HMRC and as specialists in dealing with HMRC Debt Recovery procedures including petitions can obtain an optimal outcome.