He continued: "I an glad to be able to take some of that pressure from him and look forward to getting on with the urgent job of resolving the short-term financial anxieties."
Merry, a former United youth team player, took over the club in March 2006 but was unable to prevent them suffering relegation to the Conference that season.
And Thomas, who has returned to England to take over the running of the club on a full-time basis, is hoping a deal can be reached to buy the Kassam Stadium, the club's home, from former chairman Firoz Kassam.
"I strongly feel the acquisition of the stadium and conference centre is the key to Oxford United becoming independent and self-sufficient.
"A mutually beneficial and cooperative relationship with Mr Kassam is fundamental to that acquisition."
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.