London: West Ham United co-chairman David Sullivan resigned from his position with immediate effect on Saturday after becoming aware of what he called "factually incorrect and entirely false, decades-old allegations" about to be published.
The 77-year-old businessman also stepped down as a director of WH Holding Limited and West Ham, who were relegated from the Premier League on the final day of the season.
In a lengthy personal statement, Sullivan said he had become aware that the "factually incorrect and entirely false, decades-old allegations" concerning his personal life were due to be broadcast and published.
"The false allegations levelled against me have been sensationalised by the media," Sullivan said.
"After a lifetime spent building businesses in the adult industry in which I have met thousands of women, it is sadly inevitable that a small number of improper conduct claims are being made against me.
"I categorically deny these claims."
Sullivan also declared that he would be suing the BBC for libel, along with any other media outlet that "repeats any libelous allegations."
Reuters has contacted the BBC for comment.
Allegations unrelated to West Ham
The club said none of the allegations relate to West Ham or any of its operations.
"Interim Chief Executive Officer Karim Virani, reporting into the current Board of Directors, will continue to be responsible for leading the club's day-to-day operations," West Ham said.
"The club will provide an update on the future...
David Sullivan announced Saturday he had stepped down from his role as joint-chair of West Ham with immediate effect. The 77-year-old is leaving his role of 16 years to fight "false allegations" a...