"The club has failed to supply or submit accounts since those filed to August 2006; The club is unable to present the Society with levels of income, expenditure or debt; The club has been unable to present a case to show that they have any plan to make the club work as a viable business in the short or long term.
"We have re-affirmed our ambition to take on the ownership of the club and change its constitution to that of a Community Club, and to that means we have informed the club that the offer made to the club in a meeting on August 17th 2008 remains open to them."
It goes on to add: "Wyn Holloway's shares in Merthyr Tydfil Football Club Limited would be immediately transferred to Martyrs to the Cause for no consideration, however we would be prepared to consider the transfer of a controlling stake in the company only with certain guarantees - to be agreed.
"All of this would take place with the simultaneous resignation of the existing directors (without compensation) with a new board appointed by the Trust, which it is expected would be the current board of the Trust."
Last August the Trust made an offer to take control of the football club but that was rejected at the time.
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