Denis O'Connor has resigned his position as chairman of Bray Wanderers following months of turmoil at the SSE Airtricity League club.
In a statement released this evening, shortly before Dundalk's Champions League clash with Rosenborg, O'Connor announced the news.
"I have resigned my position as Chairman/Director of Bray Wanderers FC and also as Director of Milway Dawn Limited.
"My involvement with the Club has been driven by a desire to resolve legacy issues and get the Senior Squad in the top half of the League Table which can only be achieved by putting the necessary support structures in place.
"My decision is driven by personal reasons. That is all for another day."
Only this week, the players made a request to be placed on the transfer list because they had received no guarantees that funding had been secured to carry the club until the end of the season.
In a statement released less than two weeks ago, O'Connor had claimed that funding was secured "to fulfil the remainder of this season and into 2018."
However there is no reference to the club's current financial standing in the rest of the statement released tonight.
It continues: "I wish to express my sincere gratitude to my fellow Directors , Officers in the Club and the extremely hardworking and loyal people who give of their time freely - all with the interest of the Club at heart.
"It would be remiss not to refer to Harry Kenny - a true gentleman in every sense of the word. Someone with whom I developed a very close friendship - we talked or met nearly every day.
"More importantly he brought a business sense to the role of head coach as well as a football knowledge and I will forever regard him as a true friend.
"Finally I wish all the teams and coaches the best of luck for the remainder of the season and it goes without saying I will always be available to help the Club when feasible and where possible if asked.
"On a general note best wishes to my colleagues in The PCA as they work together for the betterment of The League. And to the officials in the FAI who supported us.
"To the true fans - keep up the good work and support your Club at the stiles. To the media - thanks for fair and balanced reporting."