Ramon Calderon has sensationally resigned as Real Madrid president following allegations of vote rigging at the club's general assembly last month.
Calderon is reported in Marca to have benefited from the presence of a number of non-members at the meeting in December at which the under-pressure president survived a vote of no confidence.
Calderon's future at the Bernabeu has been under pressure for most of the season after his high-profile but ultimately fruitless attempts to sign Cristiano Ronaldo and Kaka.
The embattled president was also criticised for presiding over a season which has seen Real languish 12 points behind bitter rivals Barcelona in the league.
However, the election scandal appears to have pushed him past the brink despite his defiant stance earlier in the week when asked if he would resign.
"We were all unpleasantly surprised to read the allegations made by the newspaper Marca," he claimed.
"None of us had any direct or indirect participation in such events."
Real must now find a new president with reports suggesting that elections will be placed on hold until the end of the season.