Kettering Town have had their winding-up order rescinded at the Royals Courts of Justice in London.
The Poppies were appealing the decision to wind the club up over a debt of £58,000 owed to Rushden & Diamonds (2008) Ltd a month ago.
And it has now been confirmed that the winding-up order has been rescinded and is set to be dismissed in 28 days, subject to Kettering paying off the agreed amount with Rushden & Diamonds (2008) Ltd.
Speaking from London, Poppies chairman Ritchie Jeune confirmed the good news for the club who can now prepare for tomorrow’s (Tuesday) FA Trophy preliminary round replay at Romulus.
Jeune said: “Without going into too much detail, we have made an agreement with Rushden & Diamonds (2008) Ltd, which is more than we originally expected.
“But the time for fighting that part of it had passed, the winding-up order has been rescinded, the money will be paid and in 28 days, it should be a simple case of the order being dismissed.
“I am feeling relieved. Obviously, it came down to the judge’s decision and whether they accepted our arguments. It could have gone against us.
“It was unfortunate that I was away at the time of the last hearing but it is another situation we have had to deal with and it has been dealt with.
“That is it as far as Nene Park and the lease is concerned. You never say never about more skeletons being in the cupboard with Kettering Town but this is a big one for us.
“We are just pleased to put it behind us. It is disappointing we have had to deal with this when we were gathering some momentum after moving back into the borough.
“Hopefully, we can put this business behind us and concentrate on moaning about the football now!”
Jeune, meanwhile, paid tribute to the club’s supporters and those football fans around the world who contributed to the Just Giving site set up by Twitter and Facebook user Footy Accumulators and the Kettering Town (Poppies) Supporters Trust, which helped raise £20,000 to help with the various costs.
“The support we have had from a local scale has continued to be fantastic,” the Kettering chairman added.
“But I could not believe the way the football community got behind the club. The Just Giving site was massive for us and what has happened today would not have been possible without it.
“I want all those who contributed to email us at firstname.lastname@example.org with their contact details so I can write to them personally to express my gratitude.”
Don’t miss more reaction to this story online and in this week’s Northamptonshire Telegraph