MANAGER Bryan Chambers has sensationally resigned from his job at Hucknall Town.
The 59-year-old made the shock decision on Tuesday morning (January 26) after 14 months at Watnall Road.
It follows weeks of turmoil at Watnall Road surrounding the finances of Town.
Earlier this month, Chambers disclosed that the club were "close to going under" after they failed to pay some players.
Chambers said the main reason behind his decision was interference from former chairman Brian Holmes.
The veteran Geordie said he received an extraordinary letter from the solicitors of Holmes, threatening to sue him if he talked to the Press about the club's finances.
"I could not chance staying at the club," said Chambers, who has built a new, young Yellows team from scratch in recent months.
"In 30 years of management, I have never experienced anything like it.
"I hope the supporters understand. I am a working man, just like them. I have no money. All I have is a property that I live in and a property that my mum and dad live in.
"Brian Holmes has a lot more clout than me. I couldn't take the gamble.
"I am gutted because I would have liked to have seen these young lads through it. They are a great little team."
During his time at the club, Chambers was forced to work under increasingly strained financial difficulties, yet still guided The Yellows to the fringes of the play-off places in the Unibond League, Premier Division.
He first joined Town in early November 2008, initially as director of football before then replacing sacked bosses Mick Galloway and Andy Miller as manager.
Chambers could not save The Yellows from relegation from the Blue Square North. But he overhauled the squad last summer, forged a link-up with Nottingham-based football and education project Unity and also spearheaded the formation of the Hucknall Town and Unity Academy.
At the time of his resignation, The Yellows sit seventh in the table, while the academy side are top of the Under-19s East Midlands League.
Chambers' total league record with Town is: played 49, won 14, drawn 12, lost 23.
Holmes (67), a former millionaire businessman, resigned as Town chairman at the end of last season but remains at the club as development manager.
He confirmed that the letter was sent to Chambers but denied it was the reason the manager had quit.
He said "something needed to be done" after Chambers had revealed that the club were "close to going under".
Said Holmes: "I have been delighted with what Bryan has achieved on the football pitch.
"But talking about the financial situation was a disappointing part of his modus operandi. Why he felt the need to talk about the club's finances like that, I don't know.
"It did not do us any good. And to discredit the club like that is unacceptable. He had already been warned about talking about the finances.
"Somebody had to put a stop to it. I would send a letter again if I had to.
"We were in negotiations with a possible sponsor to come in after Christmas. But that bad publicity put a lid on it.
"The sponsor could not understand why a manager would discredit the club like that.
"It was unacceptable to me, so I sent him a letter. It warned him of his conduct. If I had still been chairman, I would have jumped all over Bryan for saying what he did."
In his successful eight-year stint as chairman, Holmes says he pumped more than half a million pounds into Town.
And he revealed this week that, just before Christmas, he invested a substantial amount of extra money into the club to be used in a general capacity and to help alleviate their financial worries.
Town's current chairman, Dave Gamble, said it was too early to think about who the new manager mnight be.
But sure to be on the shortlist is ex-Notts County star Richard Dryden, who was sacked as boss of Worcester City only last week. Dryden, who has Nottingham connections, has been linked with the Watnall Road post in the past.
In the meantime, it has been decided that Chambers' assistant, former goalkeeper Danny Bryant (36), will become caretaker manager until the end of the season.
Once a new managerial appointment is made, it will be the 11th since Holmes arrived at the club in the summer of 2001.