ANTONIO Corbisiero revealed the players' relationship with chairman Nitin Parekh has broken down as Llanelli still wait for money they are owed in unpaid wages.
Llanelli looked to be emerging from the financial problems that have blighted much of their season.
Parekh has paid off a tax bill and also started to address the club's other debts.
But the players remain out of pocket.
Corbisiero revealed that the squad are owed between four and eight weeks' pay each.
Parekh has said he will settle up with the players today (Wednesday).
Even if that happens, Corbisiero reckons the damage done is now irreparable.
"From a personal point of view, I'd probably say it's gone too far," the midfielder said.
"We just want to be told the truth, then we know where we stand.
"It's a shame because Llanelli have been a good club for me and I've earned good money over the years.
"But all the boys have lost it. There's no trust there whatsoever."
Corbisiero added: "He said he'd pay the boys on Wednesday, but we've heard these things so many times we're not sure.
"It was supposed to be the Friday before last, then Wednesday, then Monday.
"To be honest, I'm not holding my breath. A lot of the boys are still owed money from different months.
"He owes thousands to the players. We're still owed for November, parts of October and parts of August."
Corbisiero says the players are now in serious financial turmoil, with some even facing eviction because they can't pay rent.
Despite that, the squad turned out on Saturday when they were beaten 4-2 by Connah's Quay in the Welsh Cup.
"It's got to the point where boys are sick of it," said Corbisiero.
"People try to perform, but they can't pay the rent and might get kicked out of their houses.
"But it doesn't seem to get through to him.
"Boys are at different stages. Most are owed eight weeks, the least is a month."
Players considered going on strike in the past, but have been advised by the Football Association of Wales that could make things even worse.
Instead Corbisiero thinks most will wait until January and look for a move when the transfer window opens.
"In some cases that's what's going to happen. That's what most of the boys will look to do," said the former Swansea City man.
"We can't keep going on like this.
"If we don't play, because of the rules and regulations we'd be in breach of contract.
"The FAW would then fine him (Parekh), which doesn't really help us.
"We've got to try to stick it out for as long as we can."
Meanwhile, Llanelli make the trip to Bala this Saturday in the Welsh Premier League.
The Reds are lying tenth in the table ,while Bala are fifth and harbour realistic hopes of securing a top-six berth by the mid-season split.