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Derek Llambias stands down from MD post at Newcastle

Updated: Wednesday, 19 Jun 2013 11:20 | Comments

Derek Llambias (right) pictured with Newcatle owner Mike Ashley
Derek Llambias (right) pictured with Newcatle owner Mike Ashley

Derek Llambias has resigned from his post as managing director at Newcastle, the club announced this morning.

Llambias' resignation comes a day after Joe Kinnear was confirmed as the club's director of football on a three-year deal.

In a short statement on the club's official website, Llambias 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."

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