The future of Exeter City Football Club has become more secure after the dropping of a financial claim by the Inland Revenue against the club.
Exeter City reached agreement with creditors in October
Last October the club agreed a deal with the majority of its creditors over debts of about £4m.
But the Inland Revenue, which was owed about £350,000, had threatened to go to court to challenge the agreement.
In the Corporate Voluntary Arrangement (CVA), creditors are receiving 10 pence in the pound over five years.
The Inland Revenue launched a challenge against the CVA as it believed the football creditors' part of the agreement was unlawful, and a hearing was due to take place on 19 July.
The Inland Revenue refused to comment on its decision to drop the case, but City managing director Ian Huxham described the news as "wonderful".
He said: "It's terrific news and we can now look forward with the knowledge we don't face any more legal wrangles."
"This had been like a cloud hanging over the club."
However, they club still has a long way to go to clear its money worries.
It currently has to pay off £400,000 of its debt within 18 months or it will go out of business.