Leyton Orient supporters have begun a crowdfunding campaign to raise funds as the club faces an uncertain future.
On March 1st Leyton Orient were issued with a winding-up petition and the club’s current owner, Francesco Becchetti, is understood to be looking to sell the League Two club.
Leyton Orient Fans’ Trust (LOFT) are aiming to raise £250,000 which would be used to help regenerate Leyton Orient FC or, in the event of liquidation of the club, creating a successor ‘phoenix club’.
“Administration, or even liquidation, cannot be ruled out,” LOFT say. “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.”
At the time of writing, the campaign had raised just over £59,500 towards their goal in just four days.
The Trust believes that the best solution is for the current owner to sell the club as a going concern, but passed a resolution at a special meeting of Orient fans last week to plan for the worst and establish the regeneration fund.
Thanks to Spudgun 67 for the image used in this article. Reproduced here under Creative Commons license.