Central Newcastle High School immediately paid a 10 pence shortfall which had lead the team to be disqualified from the national finals.
However, it has been told that there is no way back into the competition.
Members of the team say they are devastated.
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Callum Young, who will now be 23, was last seen on August 27 last year at his home in Hylton Road.
Gunner Paul Ferguson was on leave from the Army when he died in the early hours of Sunday August 21.
Dutch International Darryl Janmaat left for Watford, USA's DeAndre Yedlin arrived from Spurs and Tim Krul left for a season's loan at Ajax.