You know what? The 4 Million debt figure is a farce any way.
From the last set of financial figures:
Current Assets - $3,116,767
Less Current Liabilities - $5,088,570
Addback Income in Advance - $2,588,570
Would mean the actual debt at that time is actually $616,767 in credit. Give the club that $4 Million then if we collected everything we were owed, and paid everything we owe (including Tinky's $500K) and retained the income from membership and season tickets we have $4.6 Million in the Bank. More than enough to pay Hunter Venues turf bill and the Jets compo.
The $2,461,659 figure which is Accumulated Losses is funds we have lost, not owed. It is a bullsh*t figure bandied around to make the club look worse than it really is.