Andrea Della Valle has quit as president of Fiorentina president, leaving the future ownership of the Serie A club unclear.
His brother Diego Della Valle owns Fiorentina, having re-formed the Florence club in 2002 after a bankruptcy under previous management.
“In the course of a board meeting held today, Andrea Della Valle has announced his decision to leave as president of the club,” a Fiorentina statement said, without specifying whether this affected his brother Diego.
Vice president Mario Cognigni will take charge of the Florence club.
No reason was given for the, but media speculation blaming his wish to spend more time in the family’s business.
Other reports said he was unhappy with the attitude of some supporters, who were upset by the sale of Brazil midfielder Felipe Melo to Juventus in the transfer window.