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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
1Sunderland149322391430
2Sheffield UnitedSheff Utd149321871128
3Leeds UnitedLeeds147522291326
4Burnley146621761124
5West Bromwich AlbionWest Brom14572148622
6Millwall146441712522
7Watford147162222022
8Middlesbrough146351816221
9Swansea CitySwansea14545119219
10Blackburn RoversBlackburn145451616019
11Bristol City144731819-119
12Norwich CityNorwich144642320318
13Derby CountyDerby145361818018
14Stoke CityStoke145361718-118
15Sheffield WednesdaySheff Weds145361724-718
16Oxford UnitedOxford Utd144551717017
17Coventry CityCoventry144371819-115
18Hull City143651518-315
19Luton TownLuton144371621-515
20Preston North EndPreston143651420-615
21Cardiff CityCardiff144371320-715
22Plymouth ArgylePlymouth144371425-1115
23Queens Park RangersQPR141761223-1110
24Portsmouth141671327-149
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