Leyton Orient’s prospective buyers have tabled bids to purchase the club from Italian owner Francesco Becchetti, the East London Guardian Series understands.

An unnamed American company is believed to have sent a letter to the club detailing the specifics of three tailored offers, which The O’s have until 5pm on Friday to respond to.

A valuation of £4milion has been placed on Orient and sources at the club claim the buyer is willing to match this price.

Alternatively they are offering a deal of £4m minus Orient’s debt to take the club away from Becchetti.

If this debt exceeds the valuation, which at around £5m it is thought to, the buyer is prepared to take on the debt and pay Becchetti £1m to walk away.

Orient’s plight has seen them fall to the very bottom of the League Two table and they face dropping out of the Football league for the first time in over a century.

HMRC served the club with a winding-up petition over unpaid tax in March and Orient have since received a stay of execution from the High Court after Becchetti paid the bill.

Other creditors are still owed by the club, however.