Northampton Town Football Club’s new chairman has confirmed an administration petition against the League Two side has officially been withdrawn.
Legal agreements had already been reached this week between the club and Northampton Borough Council allowing the council to withdraw the application it lodged in November.
An adjourned administration petition had been due to be heard in the High Court today, but was withdrawn before the hearing.
Chairman Kelvin Thomas said the news represents a “major milestone” for the club.
He said: “We are delighted to finally resolve these matters with the withdrawal of the application.
“This is another major milestone that we have been able to resolve and we are pleased that we have been able to live up to our obligations and complete the various items that were asked of us.
“There has been a real buzz around the club in the last few weeks, which is very exciting. On the field we have secured some great results, while off the field we are making excellent progress.
“Ticket sales for the upcoming matches have been fantastic, and we have already sold three times the number of half season tickets sold in total last year.
“We have some fantastic games coming up, a local derby at Luton tomorrow followed by a big game with Portsmouth at Sixfields next week, a game that is already catching the Northamptonshire public’s imagination with a large crowd expected plus of course tickets are on sale for the FA Cup game with MK Dons and the ticket office has been really busy dealing with demand.”