Glentoran captain Colin Nixon has aired his “deep concerns” over the future of the cash-strapped club - but remains confident it can emerge from its latest financial crisis.
The club’s players have not been paid any wages in eight weeks.
The cash-flow problem has prompted players into action, with Eddie Patterson’s squad boycotting two training sessions this week.
Nixon admits they will continue to stay away from training until wages are forthcoming, but that players will play in matches.
The 34-year-old stalwart - who has played over 800 games for the Glens - said it was a grim time for the east Belfast outfit, but believes a resolution will be found before Christmas.
“I am deeply concerned about the future,” he said.
“Glentoran, as a club, has been in the press for all the wrong reasons recently.
“I would urge those at the very top to look at making changes, and I know they are trying hard.
“It is a great club and it doesn’t deserve this negative press.
“In my heart of hearts, I would envisage players being paid before Christmas and the club hopefully getting back on its feet and going from strength to strength.”
Nixon - who has been acting as an intermediary between players and club chairman Terence Brannigan - said it was a “difficult decision” to cancel training.
“The decision was based purely on economic issues. Players are struggling to get to training, and it was felt at this time, as cuts are being made throughout the province, it was something we had to take a look at,” he added in an interview.
“I have been working hard with the chairman and updating the players and keeping them informed.
“It is a very stressful time for the club. Everyone wants to see Glentoran on an even footing.
“Where we are at is that everyone will make themselves available for matches, and we will be keeping ourselves in good condition for those matches.
“We have to make some form of stand, and we all voted and the majority decided on this action.
“It is probably the most challenging time I have ever seen.”