Former West Ham United and Lazio player, Paolo Di Canio, has resigned as the manager of League One side Swindon Town with immediate effect.

Paolo Di Canio

Swindon Town were doing well on the pitch, but off it, they have run into some troubles lately. The Wiltshire club has run into deep financial problems and now they have to do without their inspirational manager in Paolo Di Canio.

Di Canio’s departure is a big blow for the club who are just three points behind league leaders Bournemouth and are strong contenders for gaining promotion to the Championship. The 44-year-old Italian was on the verge of gaining back to back promotions after pulling the Robins back into League One during his first season in charge.

But this resignation won’t come as a surprise for most of the fans as Di Canio has already stated earlier this month that he is considering his future at the club. The writing has been on the walls since Matt Ritchie was sold behind his back to Bournemouth, during the winter transfer window. Paolo Di Canio was outraged and felt his position has been ‘undermined’, while pointing it out as a clear breach of his contract.

Di Canio has released a statement where he has pointed out a number of ‘broken promises’ by the club. The Italian has also thanked his players and the supporters for standing by him.

“It is with great regret that I find myself having to make this further press statement. “Last Tuesday, 12th February, I formally confirmed my resignation as Manager of Swindon Town Football Club with immediate effect.

“In my previous press statement on 1st February, I said that I was considering my future, as my position with the club had become untenable, after I found out that Matt Ritchie had been sold without my consent.

 “As I had previously stated, there have been a number of broken promises made by the club over the time that I have been Manager of Swindon Town.

“Despite these problems, I have delivered everything and more that was asked of me, by achieving promotion last year as Champions and competing this season for promotion to the Championship and being just 3 points from top place a year earlier than expected.

“I did not resign immediately, nor publicise my resignation after I had formally confirmed it, as I did not want to jeopardise the negotiations for the sale of the club and I wanted to listen to what the proposed new owners plans were.

“Following discussions, my representatives put forward a proposal that would secure my future at the club until at least the end of the season and quite possibly beyond as well. This proposal actually reduced the Clubs contractual liabilities to me in the interest of saving Swindon Town FC. At a meeting last Friday the proposed new owners accepted and said they were very happy with the new terms.

“I entered into a temporary arrangement with the proposed new owners to continue in my role as Manager but all this was agreed subject to Football League approval for the purchase of the Club being granted by 5:00pm on Monday 18th February.

“At the time of issuing this statement, I have had no further contact from the proposed new owners and I have been told that unfortunately Football League approval has not been granted yet and therefore my temporary arrangement has ended and my resignation stands.

“This is all I wish to say for the time being other than to thank my Technical Staff and the players for their fantastic professional behaviour and attitude in achieving what they have done up to today, also thanks to the Swindon Town supporters for the incredible support they have shown me and the team throughout my time as Manager.

“I wish the best of luck to the supporters, the players and my Technical Staff for the future.” – Said Paolo Di Canio.

Although this was his first job as a manager, Di Canio has already made his mark during his 21 months stint at the club. The Italian would surely have a lot of suitors and it seems like the enigmatic Italian will carried over his no-nonsense attitude as a player to managerial avatar.