NEWS

An Open Letter From LOFT
LOFT_logo

Dear Fellow Football Fan

Leyton Orient Football Club faces an uncertain future. Its current owner, Francesco Becchetti, has indicated he is willing to sell, but the asking price may put off potential buyers due to the level of debt he has built up to (we believe) other family companies during his ownership – some £10m+ is owed in total across the club and its holding company.

Administration, or even liquidation, cannot be ruled out – despite Becchetti's recent cutting of the playing squad, there is a very real risk that he may simply stop covering the losses the club currently makes. Indeed that now seems to have happened, following the announcement on 1 March that a winding up petition has been served on the club.

While the best solution to Leyton Orient's situation is for Becchetti to sell the club as a going concern to a new owner, LOFT's remit as a supporters' trust means that we have to plan for the worst. To that end, LOFT members passed a resolution on 2 March 2017, approving the setting up of the Leyton Orient Regeneration Fund with an initial target of £250,000.

The fund would be used to help regenerate Leyton Orient FC (or, in the event of liquidation of the club, a successor ‘phoenix club’) in the following scenarios:

  • Negotiated sale of the club involving LOFT
  • Administration
  • Liquidation

 

Here is the link to LOFTs regeneration fund, which gives more information and explains how to donate .

Please share among your football family

For any more info/comments etc please feel free to email me.

Yours in Football

Doug Harper
Leyton Orient Fans' Trust
Chair

RELATED POSTS





BACK TO NEWS LIST

SIGN UP / GET INVOLVED / FIND YOUR VOICE

Get the latest news & views from Supporters Direct straight into your inbox...

  Leave me blank
  • Facebook
  • Twitter
  • youTube
  • RSS Feed

Translate

Summit Countdown