Leyton Orient FC

[Grecian2K]

Good old Malcolms.

Nice to see, even after his (much appreciated) Exeweb exile be still puts Self-Interest over Social Responsibility.
(Bit like when he dreamt of a slice of OUR club back in the day)

Crawl back under your stone, eh?

G2k
(Proud and unregretting payer of uninterrupted PAYE and Ni (however you much you might deride it, you patronising clown) for the last 46 years...and still counting)

 

[PeteUSA]

It shouldn't go much further. It may do if an owner who seems hell bent on taking the club to pieces decides he can't be bothered to pay up.

Putting to one side whatever your feelings are towards HMRC from an SME perspective, but in the case of football clubs, I think few would give the clubs much sympathy.

There was a period towards the end of the late 90s and early 00s where a lot of clubs tended to use HMRC and tax payments as an extended overdraft facility. There was also a spate of insolvencies and CVAs, where the taxman lost out so they started to become a lot more aggressive towards football clubs in general, and it tends to be one industry where they pursue quite an aggressive strategy now.

In 2012 (I think) HMRC lost a court case to remove the preferred creditors rule, whereby other clubs and players got paid ahead of the taxman and have doubled down since then.

Winding up orders have been a lot less common of late (although as Jason has noted, Southend tend to take the **** quite a bit), but if there's a sniff of a potential insolvency, HMRC tend to be in with a winding up order pretty quickly.

Of course, once you get below the preferred creditors and HMRC, you tend to get a lot of local businesses who take a big hit when a football club goes under.

I have very little sympathy for any football club that doesn't pay its taxes.

As an aside; Good luck in your career move down under mate. I thought your co-commentary at Crawley was excellent; Sohail Sahi however; extremely poor, putting it politely.

 

[AlanDevlin]

Wondered who had the Club and whether there was still a Hearn connection.

Clearly not from a Guardian article I found, and little wonder they are in a mess....

https://www.theguardian.com/football/blog/2017/feb/10/leyton-orient-spiteful-owner-frnacesco-becchetti

 

[PeteUSA]

I'm just thankfull we're now in good hands, and we know where every penny goes.

 

[Fareham Grecian]

I'm just thankfull we're now in good hands, and we know where every penny goes.

If you weren't so blinkered you would realise that Orient offers yet another salutary lesson in how not to run a football club; and while everything may not be rosy in the ECFC garden, we are in a much better position than virtually every club at our - or any - level.

 

[Banksy]

Love the fact that the owner is in waste management , seems an apt way to describe him.

 

[malcolms]

Good old Malcolms.

Nice to see, even after his (much appreciated) Exeweb exile be still puts Self-Interest over Social Responsibility.
(Bit like when he dreamt of a slice of OUR club back in the day)

Crawl back under your stone, eh?

G2k
(Proud and unregretting payer of uninterrupted PAYE and Ni (however you much you might deride it, you patronising clown) for the last 46 years...and still counting)

As a payer of PAYE and NI for the same amount of time I applaud your ignorance....

 

[Grecian2K]

Now, now malcolms! Play nicely, there's a good chap.

 

[007]

Wondered who had the Club and whether there was still a Hearn connection.

Clearly not from a Guardian article I found, and little wonder they are in a mess....

https://www.theguardian.com/football/blog/2017/feb/10/leyton-orient-spiteful-owner-frnacesco-becchetti

hearn still owns the ground

 

[ChrisWickens]

More in-depth coverage of this at;

https://www.theguardian.com/football/2017/mar/01/leyton-orient-served-winding-up-order-over-unpaid-tax-bills

David Conn has a particular interest in this, as you may (or may not) remember his articles when he wrote for "The Independent" about events at Exeter City with Russell & Lewis. They threatened to sue him, but they never did and he had the backing of the editorial team at "The Indy"

Good article from David Conn but looks as if a liquidation may occur. On that point, interesting to see how Hereford are progressing; running away with the Southern League South and West, home crowds around 3,000 and sell-outs at away games! There is life after going bust!