IT has just been announced that the last remaining director on Derry City FC's Board of Directors has resigned.
Acting Chairman Stephen McCarron has followed former Chairman Pat McDaid and directors J W Doherty, Peter Leonard and Francis Houston who stepped down on Tuesday night.
Mr McCarron had originally refused to leave, stating he had done nothing wrong and was not involved at any stage with contractual negotiations.
A delegation from the Football Association of Ireland (FAI) have arrived in Derry today to meet with supporters and businessmen said to be interested in taking over the running of Derry City FC.
The Candystripes were stripped of league status last weekend over allegations the club gave its players secondary, unofficial contracts.
FAI Chief Executive, John Delaney, said the organisation wants to establish the extent of the club's debt. It is thought the range of the debt may be in the region of 500,000 to 800,000.