Liverpool have confirmed chief executive Rick Parry will leave his position at the end of the season.
Parry’s position has become increasingly unstable in the last few months as a result of boardroom divides between American co-owners George Gillett and Tom Hicks.
A statement from Hicks on the club’s website liverpoolfc.tv read: “Rick’s commitment to Liverpool Football Club is epitomised by his desire to ensure that this transitional period is managed efficiently and we are grateful to him for his help. He will always remain a friend of the football club.”
Parry, 54, made no mention of the ongoing feuds as he confirmed the end of his long association with the club.
Last April he was asked to resign by Hicks in a move he branded “offensive” and has had to compete with the American forming a ’shadow executive’ led by commercial director Ian Ayre and finance director Steve Nash, who operate out of a city centre office away from Anfield.
“I have had 12 very exciting years at Liverpool and am extremely proud of what has been achieved by the club over that period,” Parry said.
“The victory in Madrid was a wonderful reminder of the many high points we have experienced and adds to the moments that make Liverpool and its magnificent fans so special.
“It has been a privilege to serve the club and as a lifelong supporter I wish the owners, Rafa (Benitez), the players and the wonderful staff all the very best for the future.
“I will be leaving at the end of the season knowing that the club remains strong and with a set of supporters who deserve success in all that Liverpool does.”
Gillett added: "I would like to thank Rick for his significant service to the club and the assistance he has given us since we joined Liverpool. He has been integral to the club's success over the past decade and leaves with our best wishes for the future.''
Ironically, Parry facilitated Hicks’ and Gillett’s purchase of the club in February 2007 after Dubai Investment Capital’s bid fell through and he was understood to have received a £500,000 (€560,000) bonus when the deal was completed.
But the relationship between the trio gradually disintegrated, leaving Parry allied with Gillett and Hicks to side with manager Rafael Benitez.
Rumours of boardroom discontent and instability have blighted Liverpool’s last two seasons, and rumours that Benitez was on the verge of quitting earlier this week threatened to overshadow the crucial 1-0 defeat of Real Madrid in the first leg of the Champions League last 16.
Parry has already considered resigning this season when he was touted to be chief executive of England’s 2018 World Cup bid but opted to remain at Anfield and stand his ground.
Having been born and raised on Merseyside, Parry studied at the University of Liverpool before becoming a management consultant.
He was chief executive of the Manchester 1992 Olympic bid and director of the 1996 bid, and was consulted about plans to found the Premier League in 1992 before becoming its first chief executive.
Liverpool confirmed they will begin their search for Parry’s replacement and will “update supporters and other stakeholders when appropriate”.