The new owners of Derby County have said they have reduced the club's debt by more than £40m.
Peter Gadsby was a key figure in the move to Pride Park in 1997
The consortium led by property developer Peter Gadsby said the club's deficit had been brought down from more than £50m to £8.5m.
The six directors have invested £21m into the club since the takeover.
Mr Gadsby, now chairman of the Championship side, said the achievement was also down to a restructuring of finances and assistance from the bank.
He said: "There has been a series of accounts methodology or restructuring, in which certain debts are put to one side and then transferred back but in realistic terms there has been a substantial write-off."