Ian Ayre has left 1860 Munich after just a month with the German club.
Ayre stepped down from his role with Liverpool after 10 years in February before the move.
But it has been a disastrous few weeks, culminating in the club’s relegation to the German third-tier – reports the Liverpool Echo.
The play-off defeat was marred by ugly scenes at the Allianz Arena as supporters tried to break on to the pitch towards the end of the game, causing play to be suspended.
With suggestions Ayre had not been present for the vital decider, which 1860 Munich lost 2-0 and 3-1 on aggregate, Bavarian newspaper Suddeutsche Zeitung claim the former Liverpool CEO tendered his resignation before the game.
Ayre confirmed his departure in a statement: “I can confirm that with regret this morning, Tuesday 30th May 2017, ahead of the play off fixture, I resigned from my position as Managing Director as a result of off-field issues at 1860 Munich.
“Unfortunately, during my short 8 week tenure I have found an organisation in which the shareholders are not aligned in a common interest, nor have a shared vision for the future of the club. Consequently, although an approved budget for next season was established, there remains significant disagreement between various shareholders, at a crucial time making it impossible for me to continue in the role.
“I have said in the past that Hasan Ismaik is hugely passionate about this club and has invested heavily to make it a success. However, this investment will not bear fruit unless all shareholders align behind shared objectives for the future with respect for each other. Currently this is not the case.
“Only then can the executive management build and operate an effective and successful club.
“As I said at my opening press conference, I believe that this club has a unique history. In the short period I was involved I can honestly say that the size of the support for 1860 Munich has been incredible. Equally, the atmosphere home and away for the matches I attended was truly memorable and a great testament to the German Bundesliga and its fans.
“I feel extremely disappointed to have to step away from this great opportunity and the staff I had the pleasure to work with and I truly hope that the shareholders of this club find a solution that allows its fans the opportunity to see this club back where it belongs at the top of German football.”