Town have made their 2004 Company Voluntary Arrangement (CVA) payments to their secured and preferential creditors. The Blues are required to make the payments annually as part of the CVA, the four-year financial plan agreed when the club came out of administration in May 2003.
Town's bankers, Barclays, received their payment on August 31st, while the Bank of Scotland - who supplied the loan for the training ground - are paid quarterly.
Norwich Union - the £25 million stadium redevelopment bondholder - and the Crown received their cash on September 1st.
The club's unsecured creditors receive nothing this year having been paid 5% of their debt last year. Secured creditors will receive 100% of their debt and preferential creditors (the Crown) will get 50% of what they are owed while Town are in Division One.
Should the club be promoted during the period of the CVA, the unsecured creditors will get 20% of their debt and the preferential creditors 100%.