The club announced this week that overall debts have been cut by about a third from a high of £128,000.
Those attending a packed Communications Park annual meeting were told that the new committee had reduced arrears to £84,000 with every hope of wiping out all outstanding debts by 2019.
A new seven-year ground lease is about to be signed with Daventry District Council and club officials are confident of attracting fresh sponsorship now that DTFC has ended its links with the Shebang mobile phone company.
On the playing front this has led to joint managers Arron Parkinson and Ian King doing a quick U-turn to remain in charge of last season’s UCL Division One championship winning side.
In the 2017-18 campaign Daventry will run a first team, veterans and 17 junior teams including a girls tea, as well as allowing Cummins FC to use the main pitch at Communications Park, weather and pitch conditions permitting.
A handful of pre-season friendly fixtures have been arranged already starting with newly-promoted Conference League club Leamington. The first competitive match is likely to come in the FA Cup extra preliminary round on August 5th.
Plans are also afoot to revive the recently-defunct Daventry Charity Cup and also to enter a team in the Buckingham Charity Cup for the first time in many years.
If further footballing grants are to be obtained however the Town will need eventually to persuade DDC its seven-year lease to a more acceptable period of about 25 years.
In the short term though it is hard to blame the Council from being cautious in its business deals with a football club whose off-the-field financial upheavals led to a two-league relegation only 12 months ago.
Manager Parkinson and his new sidekick King remain quietly confident that the Purple Army can make a serious challenge for a top six place in the UCL Premier Division in the coming season.
So far most of last season’s successful UCL Division One winning squad have indicated their willingness to stay with the Browns Road outfit in 2017-18 when big money UCL opposition is expected to be headed by both Wisbech Town and Newport Pagnell.
Updated 18:54 - 25 Jun 2017 by Brian Porter