An employment tribunal has dismissed a claim for constructive dismissal by the former chief executive of Exeter City Football Club.
In 2003 the club had debts of more than £3.5m
Ian Huxham resigned as chief executive in October 2005 in a dispute over an alleged breach of contract.
He was part of the boardroom team that rescued the club when it was relegated and facing financial ruin.
Mr Huxham said he was not planning any further action and wished the football club success in the future.
A statement on the club's website said it was pleased and awaiting the tribunal's reasons for the decision.
Mr Huxham had claimed £105,000 compensation for constructive dismissal.
The club said it had "acted reasonably and lawfully at all times and did not commit any act of wrongdoing towards Mr Huxham".