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On This Day: Peter Ridsdale stands down as Leeds United chairman

:Headline: On This Day: Peter Ridsdale stands down as Leeds United chairman:
Risdale had been in charge for five years.
Sports Mole

Peter Ridsdale resigned as chairman of crisis club Leeds on this day in 2003.

In a statement released to the Stock Exchange, the 50-year-old announced he was standing down after five years in the post.

Ridsdale said: "After five years as chairman I have decided to step down and hand over the reins as chairman to Professor John McKenzie who has my full support."

Leeds had a team full of stars including Rio Ferdinand (John Giles/PA)

Ridsdale had come in for increasing criticism from fans after a season which had seen a host of top stars leave the club, as well as the departure of manager Terry Venables.

Rio Ferdinand, Robbie Keane, Lee Bowyer, Olivier Dacourt, Robbie Fowler and Jonathan Woodgate had all been sold off since David O'Leary's exit the previous June.

The previous 14 months had been a turbulent time for Leeds. From topping the Premier League in January 2002, the Elland Road club experienced a decline which had rapidly increased since the turn of the year.

But the club were relegated in 2004 (Phil Noble/PA)

Things went from bad to worse thereafter. Leeds were relegated in 2004 and even spent two seasons in League One.

The good times are finally returning, though, after the club returned to the Premier League last season under Marcelo Bielsa. They currently lie 11th in the table.

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Premier League Table
TeamPWDLFAGDPTS
1Leeds UnitedLeeds17105231121935
2Sheffield UnitedSheff Utd1711422491535
3Burnley179622161533
4Sunderland1796226121433
5Watford179262624229
6Middlesbrough178362920927
7West Bromwich AlbionWest Brom176921811727
8Blackburn RoversBlackburn167452017325
9Millwall166641914524
10Norwich CityNorwich175753125622
11Swansea CitySwansea176471615122
12Bristol City175752021-122
13Sheffield WednesdaySheff Weds176472026-622
14Stoke CityStoke175661920-121
15Derby CountyDerby175572122-120
16Luton TownLuton175391829-1118
17Coventry CityCoventry174582225-317
18Oxford UnitedOxford Utd174581927-817
19Preston North EndPreston173861624-817
20Plymouth ArgylePlymouth174581834-1617
21Cardiff CityCardiff174491526-1116
22Hull City173681623-715
23Queens Park RangersQPR172871526-1114
24Portsmouth152671628-1212
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