Coventry City's acting chairman Geoffrey Robinson has stepped down following the collapse of the club's takeover by an American consortium.
Robinson, who is Labour MP for Coventry North West, has followed former managing director Paul Fletcher's decision to resign following the news that Manhattan Sports Capital Partners Limited would not be purchasing the Championship club.
Back in February, the US-based consortium had agreed a deal in principle to purchase the Sky Blues.
However, director Joe Elliott, who has replaced Robinson as acting chairman, remains positive about the chances of fresh investment in the club.
Speaking about his departure, Robinson said: "On the resumption of Parliament on Monday, October 8, it was quite clear to me that I could no longer continue as acting chairman of Coventry City for there are simply not enough hours in the day.
"At my request and with the full support of the board, Joe Elliott has agreed to become chairman with immediate effect.
"It had been my aim by the end of the recess to have achieved the Manhattan takeover and to return full-time to Westminster.
"Sadly, Manhattan and other negotiations did not come off, so I must stand down now so that I can properly conduct my Westminster and Constituency duties."