Leyton Orient’s survival hopes are said to be hanging by a thread as the potential saviour of the club withdrew his interest.
Alan Bowers, the former West Ham player, set a deadline of 9am this morning for his offer to be accepted.
Sky Sports News are this afternoon reporting that the businessman has informed the East London club that his £3.3 million bid is now off the table and has “ended his interest” is a buy out.
Orient, relegated from League Two into the National League, are said to be in grave danger.
Controversial Italian owner Francesco Becchetti has angered the club’s fans with his running of the Os and they are demanding he leaves.
If a takeover is not completed immediately then there is a real threat the club could close, the Sun claim.
The 136-year-old club cannot fight off a High Court date on June 12, where they face a winding up order from the tax authorities, then they may be the second club to be wound up this month.
Yesterday, EvoStik NPL side Ilkeston suffered that fate after failing to settle debts to creditors.