What about the £3 million private loan by one of the chief's buddies based in Asia? (I can't remember his name)
You mean Mike Coleman.
This is not external debt as he is a major shareholder. External debt is entities like a bank of a finance company etc etc.
It would make no sense for a major shareholder to call his own debt in, even if he/she could as that would be financial suicide. Hence it is not classed as external debt.
The amount was actually £6M of which £3M was a term loan and £3M is convertable to shares which if converted would give him around 38% of the club.