Merthyr Town directors have asked supporters to be patient while they work to secure the future of the Southern League club.
The Martyrs are community owned and are facing financial difficulties which mean many of their players will be moving on.
Manager Gavin Williams has said up to 80 per cent of his squad could leave and he is taking Merthyr Town development players to Chesham United for today’s Premier Division match.
Goalkeeper Oliver Davies is the only player so far to confirm he is moving on.
Williams is having talks with individual players, while directors have called an emergency meeting of owners on Monday. That will be held on Romans Bar at Merthyr’s stadium (7.30pm).
A new statement missed by directors says: “With regret due to current financial situation at the club the board have had to look at making significant savings both on and off the pitch.
“This will hopefully allow us to survive in short term and rebuild going forward.
“Cashflow at the club has become extremely tight due to lack of home games since October. All avenues of expenditure are being re-evaluated to protect club going forward.
“Last night members of the board and manager Gavin Williams met with the players. They informed the players there was no choice but to cut the playing budget significantly. This has understandably resulted in many of them deciding to leave.
“We would like to thank every one of them for their contributions to the success on field over the years and wish them well in the future. Gavin Williams is confident he will be able to field a competitive team going forward and he is in discussion with players willing to stay.
“Saturday’s team at Chesham will consist of the club’s development players. This will give Gavin time to build a team and give current players time to stay.
“We ask owners and supporters to be patient whilst we continue to re-evaluate all aspects of the operation. We have five home games coming up soon, and ask you to drum up support and attend in numbers.
“If we all pull together we can overcome our difficulties.”