Dragan Dzajic
Dzajic put his departure down to the Serbo-Montenegrin champions' poor results in the UEFA Champions League and UEFA Cup, which they exited last night, losing 6-1 on aggregate to Russia's FC Zenit St. Peterburg.
"I am leaving after a series of bad results in the Champions League and UEFA Cup. I still believe we have a talented generation (of players) but the club is currently in a crisis caused by results," Dzajic said.
Dzajic, whose team occupy sixth place in the Serbo-Montenegrin league, nine points behind leaders Partizan Belgrade, has a long association with Red Star dating back to his playing debut at the age of 17 in 1963.
He played for the red and whites until 1979, aside from a short stay in France, and was capped 85 times by his country. In 1979 he became the club's sports director, a position he held until 1999 when he was named president. In February, he was re-elected for a second term in that role.