The Tiwi Bombers Football Club will have to prove it is financially viable to continue playing next season, AFL NT says, but the embattled team is demanding the body's chief executive Michael Solomon resign over his handling of its debt crisis.

Four points were stripped from the club after it defeated Palmerston in round 16, because of an outstanding $10,000 debt owed to AFL NT.

But it has emerged the league owes the Bombers a grant also worth $10,000.

"They're entitled to a grant that providing they owe no debt to the AFL NT, and once the debt was paid yesterday afternoon they would now be entitled to that grant," AFL NT chief executive Michael Solomon said.

But the Board of the Tiwi Bombers issued a statement calling for Mr Solomon's resignation because of how he handled the matter, saying it was "gutted by the actions" of AFL NT over the past 48 hours.

"The right thing to do was to leave this matter until after season end, the right thing to do was to look properly at the club's books before embarrassing us publicly and causing our sponsors to pull the pin," it said.

"The right thing to do now is for the CEO of the AFL NT to fall on his sword, admit he had failed us and the competition and move on."

The Bombers are confident the club will play next season despite its money troubles. ( The Tiwi Bombers )

Former Bombers president Mick Burns fronted the $10,000 to pay off the debt on Friday.

Mr Solomon said AFL NT stood by the punishment: "I think that when you sign a license agreement there's a certain set of rules and regulations that you abide by."

The Bombers are confident the club will continue playing next season.

"We know what needs to be done back at home after the season we'll review the finance stuff," club president Gawin Tipiloura said.

AFL NT said it would do everything it could to ensure the club continues playing, but the club would have to prove it has the money to finance the season otherwise it will not get a license.

"We will work really hard to ensure they are," Mr Solomon said.

"We run annual licenses and Tiwi, like every other club, will apply for their license and part of that is financials and being able to justify that the money is there to run, to probably prevent us getting to this situation in the first place."

For the first time, the league is also opening up applications beyond the usual eight clubs meaning there could be other teams on the radar next season.