Server Crashes for unknown reason

[Wadster]

Alright, this looks to be the right place for this question.

I have the 4.86 mod installed, and can run the game and connect to other servers fine. I am able to host and connect to my own vanilla (Ver 1.0) server with no problems. (After I disabled all of the IPv6 nonsense anyway)

I have watched the following video, hoping for a solution:
http://www.youtube.com/watch?v=oKQmunKeOic
But it didn't help me with my issue =(

I'm trying to run a server for myself and a friend using 4.86.
When i try to execute "Discovery Freelancer Server" it immediately crashes...

I have been out of the FL server game for a while, its likely a stupid mistake on my part but for the life of me I'm not sure how to fix it. Any suggestions would be appreciated, thanks =)

(Im currently running windows vista 32bit)

I have this exact same problem, dying to play this game with a few mates, can anyone shed any light on this fix.......did you sort it out in the end Archmage, and if so how???