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League 2

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Billionaire bid for Pompey

American billionaire Michael Eisner, former chief executive of Walt Disney, is reported to be interested in launching a bid for Portsmouth FC.

A statement on the club's website said that if a bid was made it would be for shareholders to decide whether it was in the club's best interests.   Portsmouth Supporters' Trust is the largest shareholder.

Orient given June deadline

Leyton Orient's owner Francesco Becchetti has been given until June 12th by the High Court to settle all outstanding debts or sell the club.  The money owed to the Inland Revenue, thought to be around £250,000, which was the subject of today's hearing has been paid, but there are four other creditors.

Becchetti was not at the hearing, but his representatives said that he would inject £1m into the club to settle all outstanding debts, which include £6,000 owed to the club's photographer.

Orient served with winding up order

Leyton Orient have been served with a winding up order over unpaid tax bills.  The case will be heard in the High Court on March 20th.  The money owed to HMRC is thought to be in the region of £250,000.

The last set of financial results for the club suggested that debts exceeded assets by £5.5m.  The club are in real danger of relegation to the National League which would make them less attractive to prospective buyers.

Progress on Carlisle mystery takeover bid

The 646-day takeover saga at Carlisle United may be nearing a conclusion.   Discussions with a mystery overseas businessman have been going on for the better part of two years, but have gone cold several times.  

However, the club are now close to deciding whether to conclude a deal.   Significant headway has been made in getting answers to outstanding questions.

Chaos at Orient

Leyton Orient are in a state of chaos under owner Francesco Becchetti and face relegation to the non-league pyramid for the first time in their history.   Becchetti is now neglecting the club, using protests as an excuse, and refusing to authorise any squad additions.

It will be difficult to find a buyer for the League 2 club, the second oldest professional club in London, as the owner has loaded it with £9m to £10m of debt.

Orient up for sale

The controversial owner of Leyton Orient, Frsncesco Becchetti, has said that he will consider offers for the club.  One has already been made and rejected.

Orient are in real danger of relegation from the Football League.   The move of West Ham to the London Stadium has casr a shadow across Orient.

A rather exreaordinary statement from the club's chief executive can be found here.

Morecambe FC plunged into crisis

Morecambe FC has been plunged into crisis after majority shareholder Mr Diego Lemos failed to deliver on promises of investment.  Ali Abdulrahman Al Hasemi has resigned as co-chairman and director.

Mr Lemos has not been in the country since mid-November and has been difficult to contact.   The Brazilian businessman took over at the club at the beginning of September.

Notts County deal sealed

It has been a long drawn out saga which started in February but Notts County have been sold by owner Ray Trew to local businessman Alan Hardy.    Trew put the club up for sale after being subjected to what he called 'mindless abuse' by fans.  They are the oldest professional football club in the world, having been founded in 1862.

Football League restructuring scrapped

Plans for a restructuring of the Football League into a five league, 100-team competition have been scrapped after talks with the Football Association broke down.   The FA was not prepared to move FA Cup games to create more weekend slots for matches.

The plans were unpopular with the non-league system which would have lost its leading clubs.  Clubs might have found it difficult to financially sustain league membership.

New effort to sell Notts County

Notts County chairman and majority shareholder Ray Trew has made a new effort to sell the club.   He has approached local businessman Alan Hardy who has made two bids for the club in the past.  He thinks that the world's old professional team has the potential to reach the Championship

Trew has had talks with potential buyers from China and the United States and also with a UK hedge fund, but these do not seem to have gone anywhere.

Trew originally put a price tag of £8m to £10m on the club.