It has been reported that a local businessmen has given Vanarama National League club Leyton Orient a deadline of Tuesday to accept a bid to takeover the club.
Alan Bowers is believed to have made a £4m offer to buy the newly-relegated Vanarama National League club, but is ready to walk away from any potential deal.
The former West Ham and Norwich City player is fronting a consortium looking to take control of the club from the controversial Italian owner Francesco Becchetti.
During Becchetti’s ownership of Orient, the club have gone from League One promotion contenders to relegation from the Football League.
The Italian has gone through nine managerial changes with the likes of Kevin Nolan, Ian Hendon and Fabio Liverani all spending time in charge of first team affairs.
The club has also survived a winding-up order in March this year, when a court hearing he was given until 12th June to either sell the club, or pay off any outstanding debt.
Orient were relegated from the Football League last season, finishing bottom of League Two.
That means they face life outside of the Football League for the first time in 112 years.
The £4m offer for the club would match the sum that Becchetti paid to former Orient owner Barry Hearn when he bought the club in July 2014.
However, the clock is now ticking towards the deadline set by Bowers and it remains to be seen if Becchetti will end his disasterous spell as Orient owner.
Article: Mark Carruthers (@marknldaily)
Image: Reuters Media