Blackpool Football Club (BFC) has announced that Karl Oyston has resigned from his position as club chair and director with immediate effect.

The 43-year-old, who was in charge as the club secured promotion to the Premier League this year, will remain at BFC as acting chief executive until the end of the season or until a new chair is named. Speaking after BFC's 4-0 victory over Wigan Athletic on the opening day of the 2010-11 season, Oyston appeared to be unhappy with the way in which other Premier League clubs operate.

He said: "I expected the landscape to be different. I expected the way people behaved to be different and I have been very disappointed in the way some agents have conducted themselves. "The more I talk to other Premier League clubs the more I realise I am a lone voice. There was some accord with the things I said in the Championship but there does not appear to be any in this division."

A BFC spokesperson said: "The club would like to emphasise that there will be no interruption in the recruitment of players or the work required on the stadium. No further comment on this subject will be made by anyone connected to the Football Club at this present time."