The Blues have been running on a reported wage bill of £22,000 however with Tamplin withdrawing his monetary support, the Club are having to reduce this figure to £10,000.
A number of key players have already departed the Club as a result of the wage cuts. Adam Cunnington, Scott Doe and Ricky Modeste all departed the AGP Arena on a busy Friday afternoon, while Blues top-scorer Jake Robinson was sold to Maidstone United on an undisclosed fee.
Tamplin recently revealed that he was looking to sell the Club; however, it was regarded that his demands have not been met by any potential suitors.
But with the steel magnate not having been seen at the Club for three weeks, it is believed that the controversial owner no longer has the financial assets to run the Club.
A source close to the Blues told The Non League Paper: “Glenn’s involvement with the Club is finished. He hasn’t been seen here for weeks; there is no money going in.
Volunteers have been chipping in to do work that people were supposed to have been paid to do. There is no money left.”