Shelbourne's future looks secure today after the club's outstanding arrears in tax due to the Revenue Commissioners, were paid in full today.
Shelbourne were reported to owe more than €300,000 and the Revenue had taken a High Court petition to wind up Accolade, the company that owns Shelbourne FC.
However Shels' Chief Executive Ollie Byrne has made good on his promise to clear the debt.
"It's unfortunate that we ended up in this position, because it's difficult enough to survive in Irish football, let alone make the great advances that we have achieved at Tolka Park in the past fifteen years," Byrne said yesterday.
"We need all the help we can get if we are to make the vital break-through at European level that the Eircom League is capable of.
"Now that this episode is closed, we would like to get back to the real business in hand - which is football," he added.