Portsmouth have announced they're debt free.
The Portsmouth News says the south coast club has paid off around £7million in the last 18 months to clear their debts nearly two years ahead of schedule.
The club have agreed settlements with all 24 former players who were owed money from previous regimes - including Liam Lawrence, Tal Ben Haim and Dave Kitson.
Chief executive Mark Catlin told The News: "Pompey is completely legacy debt free - but that is just the start.
"It is a fantastic achievement and a weight hanging over the club since coming out of administration 18 months ago has been removed.
"We are at Ground Zero now. This club was in a crater and we are out of that now with foundations built. The club has turned itself around and got itself on a level playing field. We are debt free and keep moving forward and progressing, never taking our eye off the ball."
