Hereford United owner Tommy Agombar gave this statement following the club's expulsion from the Football Conference.
Two sell-out gigs at the city's Courtyard theatre have raised £21,000. The Bulls are struggling to pay a £78,000 tax bill.
Hereford United could be relegated from the Football League if they lose at Crawley Town this weekend.
The administrator for Hereford United Football Club, who chaired yesterday's meeting of creditors, says a sponsorship offer which could have saved the club in the short term was rejected.
Mark Landsmen has told ITV News Central that £250,000 was pledged but was rejected by creditors including HMRC. The club will be liquidated if the debts are not cleared by September 1.
Hereford United has two weeks to pay its debts in full or faces being wound up in the courts.
It's after a meeting tonight at which the club's creditors rejected a payment proposal - among them, HMRC, which is owed £170,000.
It means if the debts aren't paid off in full by 1st September, the club will be liquidated.
Hereford United have been granted a general safety certificate to host matches at Edgar Street - but only with a capacity of 1,000 people.
Herefordshire Council says the club has been given permission to open the stadium to the public after their safety certificate had been withdrawn a month ago.
The club's first game of the season will be on Saturday 9 August against St Neots Town.
– Herefordshire Council spokesperson
The club will only currently be allowed to play football matches in front of 1,000 spectators using both the Merton Terrace and Merton Stand at Edgar Street, as opposed to a full capacity crowd, until all of the partner agencies involved are satisfied that any outstanding safety issues have been properly addressed.
The Chairman of the Southern League has confirmed that Hereford United Football Club has "transferred appropriate funds to all known Football Creditors apart from a few who have not, as yet, notified officials of their required details."
Ken Turner added that the amount covering these outstanding payments has been deposited into a third party account.
It means the club will be able to play in the Southern League when the season gets underway next month, subject to receiving confirmation of receipt of all the transferred amounts.
Hereford United were expelled from the Football Conference last month after failing to pay its debts.
Hereford United were beaten 6-0 by Turkish side Besiktas last night.
The friendly match was not publicised to fans or the media until it was revealed by the club on Twitter shortly before kick-off, the Hereford Times has reported.
Hereford cannot play matches at Edgar Street in front of fans because of safety concerns from Herefordshire Council.
It has been reported the match took place somewhere near Leeds.
Full time result Besiktas 6 Hereford United 0
Hereford United fans are delivering a petition with more than 7000 signatures to Herefordshire Council today urging them not to assign the lease at Edgar Street over to the club's new owner.
A so-called "funeral parade" will leave Edgar Street shortly, before moving towards the council's Brockington Headquarters.
Business representatives from Hereford United Supporters Trust are proposing to create a new supporter led football club for the whole community in the event that Hereford United goes into administration.
The trust has presented Herefordshire Council with a comprehensive business plan, which the council has agreed to consider if the current club goes into administration.
Read more here.
The Southern Football League will accept HUFC into its Premier Division subject to the club meeting certain criteria within a time frame.
Businesses in Hereford say it is an extremely worrying time after their local club was booted out of the Football Conference after not paying its debts, despite being given extra deadlines.
Hereford United, which is 90-years-old this month, admitted it could not pay the required £350,000 bond to stay in the league.
James Clark reports.
A pub owner in Hereford says he will be affected financially by the expulsion of Hereford United from the Football Conference.
Andy Loizou owns a pub near to Hereford's Edgar Street ground, which is a matchday favourite with fans.