Glenn Tamplin has quit Billericay Town.
The controversial 47-year-old has also stepped down as director at the Essex club - just days after appointing former Spurs star Jamie O'Hara as manager.
The Sun reports the club's website crashed after a statement was released of the sensational news.
It read: "After long and lengthy discussions with close friends and family, I have decided now is the time for me to step aside from my role as both owner and director of Billericay at Town FC.
From day one it was always my ambition to improve the infrastructure and community aspect of the club.
"And, with very strong investment of my own personal money, I feel I leave the club in a good position to move forward and continue to build on the foundations I have laid and add further advancement under a new ownership.
It hasn't been an easy decision and not one I have taken lightly but I need to listen to advice from people close to me and now is the appropriate time to move away."
