Stronach said in a statement on Thursday that he will resign his position as president of the Bundesliga following the league's annual general meeting on 2 December. The news follows recent criticism of Stronach's joint role as Bundesliga president and major investor in Austria, of whom he will end his financial backing in 2007.
In a statement to all ten top-flight chairmen, Stronach, who has been president since 1999, said: "I wish you personally, your clubs, the Bundesliga and Austrian football all the best for the future. I think we made good progress during my time towards a successful future but it's the right time for me to go."
Stronach's decision has not been met warmly by all Bundesliga clubs, with Franz Grad, president of SV Pasching, saying: "This is not fair. I understand his decision to leave Austria Wien but it is not fair to say one week before our general meeting that you are going your own way."
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