Newcastle United's Managing Director has resigned from the club. Derek Llambias announced he was leaving the post just 24 hours after it was confirmed that Joe Kinnear has been appointed as Director of Football.
Llambias joined the magpies five years ago. He says he is proud of what has been achieved in that time and will be a Newcastle fan for life.
This fanzine editor though says, despite an eventful week off the pitch, today's news may not be a bad thing.
Steve Wraith, Editor, Toon Talk Fanzine.
– Newcastle United FC
The Club can announce that Managing Director, Derek Llambias, has resigned from his position with immediate effect.
Derek said "I have had an incredible journey during my five years at the club, including some challenging times. 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."
Newcastle United's Managing Director Derek Llambias has resigned. More details to follow.