The Leyton Orient Fans Trust have launched an Orient Regeneration Fund with the funds raised to help revive the club in the event of the club's liquidation.

The funds could be put forward to a successor club, known as a phoenix if owner Francesco Becchetti decides to sell the club or if Orient goes into administration.

The Italian bought the O's two-and-a-half years ago from Barry Hearn and is now unwilling to sell Orient for less than £4million he paid for them.

Becchetti's reign has not been a harmonious affair with nine managers taking control in the space 30 months, a fan protest and his unwillingness to communicate with supporters.

Orient sit second from the bottom in League Two and, with their place in the Football League under threat and so much uncertainty surrounding the club, the LOFT have launched plans to deal with a 'crisis scenario'.

These proposals will be presented for their members to vote on at a meeting on Thursday and hope the supporters can raise the funds needed.

The 'fighting fund' could be used to help Orient survive if they go into administration by allowing them to pay off any creditors.

If Orient went into liquidation, the money could cover the costs of setting up a phoenix club.

In a previous club statement, Becchetti has stated he would continue to fund the club but since O's boss Danny Webb has revealed he would not be allowed to bring in any players despite having a thin squad.

LOFT have spoken to the Football League and the FA around administration and liquidation in case they have to save the club that has been a League club for 112 years.

They have also spoken to people within the game to understand how to run a non-league club, if that is to occur, and also produced a three-year business plan for a phoenix club with help from others including star example AFC Wimbledon.

The meeting takes place Thursday at 7.45pm at the Leytonstone & District Ex-Serviceman's club.