Albion have written off almost £4,000 owed to them by Exeter for Adam Virgo to help the Conference club out of administration.
The cash-strapped Seagulls accepted instead half of the sum due for Virgo's wages following his loan spell with the West Countrymen two seasons ago, when they were relegated from the Football League.
Exeter were ordered to pay more than £82,000 to 15 creditor clubs. Albion were among the 13 clubs who agreed to waive 50 per cent of their money.
The Seagulls were owed £7,638 for Virgo's wages during his loan spell with the Grecians from November 2002 to February 2003.
Albion accepted £3,819 for the eight starts and one substitute appearance made by their current top scorer.
Chief executive Martin Perry said: "Exeter's offer was 50 per cent and we thought ëlet's help them get out of administration.'
"It was a long outstanding debt and we felt, like most of the other clubs, this was the best thing we could do.
"You cannot come out of administration until you have extinguished all football creditors' debts and it's a case of solidarity between clubs.
"There are times when we seek a reciprocal arrangement. It makes sound business sense in the long term."
Portsmouth were the biggest creditors. They accepted half of a debt in excess of £27,000.
Only Albion's Championship rivals Reading, who were owed over £8,000, and Cambridge United, who were owed less than £1,000, rejected Exeter's offer. They were both repaid in full.
Exeter director Julian Tagg said: "In the main clubs were very understanding of our predicament. It's nice to know we have friends in the game and some clubs have written off serious sums of money.
"Of course, some were easier than others and two proved impossible. I was surprised and disappointed with those two."
The cash-strapped Seagulls accepted instead half of the sum due for Virgo's wages following his loan spell with the West Countrymen two seasons ago, when they were relegated from the Football League.
Exeter were ordered to pay more than £82,000 to 15 creditor clubs. Albion were among the 13 clubs who agreed to waive 50 per cent of their money.
The Seagulls were owed £7,638 for Virgo's wages during his loan spell with the Grecians from November 2002 to February 2003.
Albion accepted £3,819 for the eight starts and one substitute appearance made by their current top scorer.
Chief executive Martin Perry said: "Exeter's offer was 50 per cent and we thought ëlet's help them get out of administration.'
"It was a long outstanding debt and we felt, like most of the other clubs, this was the best thing we could do.
"You cannot come out of administration until you have extinguished all football creditors' debts and it's a case of solidarity between clubs.
"There are times when we seek a reciprocal arrangement. It makes sound business sense in the long term."
Portsmouth were the biggest creditors. They accepted half of a debt in excess of £27,000.
Only Albion's Championship rivals Reading, who were owed over £8,000, and Cambridge United, who were owed less than £1,000, rejected Exeter's offer. They were both repaid in full.
Exeter director Julian Tagg said: "In the main clubs were very understanding of our predicament. It's nice to know we have friends in the game and some clubs have written off serious sums of money.
"Of course, some were easier than others and two proved impossible. I was surprised and disappointed with those two."
