Derek Llambias resigns as managing director of Newcastle following appointment of Joe Kinnear
Llambias polarised opinions of the club's fans during his time at St James' Park
Derek Llambias, Newcastle's managing director, has resigned from his position with immediate effect.
The shock announcement follows yesterday's appointment of Joe Kinnear as the club's director of football.
Kinnear had said in his talkSPORT interview on Monday night that Llambias had already resigned and that he would concentrate solely on the finance side of the club. That allegation was emphatically denied by the club, but this morning Llambias told the owner Mike Ashley that he would be leaving.
Llambias had been Ashley's right hand man inside St James' Park before the controversial of introduction of Kinnear.
"I have had an incredible journey during my five years at the club, including some challenging times," said Llambias. "I will reflect with great fondness on my time in the North East and, in me, Newcastle United have a lifelong supporter.
"I want to thank the staff for their hard work, our fans for their support of the club, and wish them all well for the future."
Llambias, who used to be in charge of the exclusive Fifty Club casino in London, moved to St James' Park in 2008 to take over the day to day running of the club.
He was influential in introducing a new business model at the club, one which refused to buy ageing players with no add on fees and along with Ashley, Llambias set about trimming the wage bill that the new owner had inherited when he bought the club. More emphasis was put on self sufficiency.
There were controversies; the renaming of St James' Park, the Wonga deal and the sacking of Chris Hughton less than six months after promotion from the Championship as champions.
There were also key sales under Llambias with Kevin Nolan, Joey Barton and Andy Carroll all departing during his watch. Finishing fifth in the 2011-2012 season was cited as justification for the controversial methods put into place by Ashley and Llambias.
But last season was a struggle, despite a run to the quarter-final of the Europa League ,and the appointment of Kinnear has created a new bout of controversy.
His departure leaves a gap in the financial operation of the club, an area Kinnear has so far expressed no desire to take over.
Latest in Sport
Don't mess with me, Diego Costa warns Manchester City ahead of Chelsea clash
Florida State quarter-back Jameis Winston suspended for half-a-game for yelling 'F*** her right in the p****'
West Ham vs Liverpool match report: Reds are caught cold by hot Hammers
Aston Villa vs Arsenal team news: Alexis Sanchez incorrectly named in starting line-up as Alex Oxlade-Chamerlain called up to start
West Ham vs Liverpool player ratings: Winston Reid? Diafra Sakho? Who rated highest from the Hammers' victory?
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 4 Matthew Miller: American sentenced to hard labour in North Korea 'wanted to be Snowden II'
- 5 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Portuguese academic says British are 'filthy, violent and drunk'