Peter Ridsdale admitted today that "intense personal criticism" from Leeds fans had affected his family and his health and had forced him to quit as Leeds chairman.
Ridsdale revealed his decision to step down in a statement to the Stock Exchange this morning, with Professor John McKenzie succeeding him as chairman.
Ridsdale's departure accompanied interim results for the six months ending on December 31st, 2002, which showed the club lost £17.2 million sterling before tax and the total net debt to the end of last year was £78.9 million.
"In a high profile role, when results are not up to expectation levels, you rightly expect criticism," Ridsdale said. "This comes with the territory. When this criticism becomes so intense that it affects your family and health it requires clear reflection on the right way forward.
"The intensity of personal criticism has led me to conclude that the best decision for myself, my family and the company is that I step down as chairman of the plc and football club and relinquish all executive responsibilities. This I am doing today".
Ridsdale's parting shot as chairman was to warn that further hurt lies ahead for Leeds fans as the club battles to reduce debts.
"The ongoing challenge will continue to be get the cost base into line with anticipated revenue streams. Further action will be needed in the coming months to achieve this".