Belgrade - Red Star Belgrade, Serbia's best known football team which has sunk into total disarray, suffered another blow when its president Dobrivoje Tanasijevic resigned, local media reported Saturday. A 75-year-old Tanasijevic quit on Friday after failing to get the club out of financial crisis. The club reportedly owns around 30 million dollars to its creditors.

"Red Star needs a new president and I wish him all the luck. I'll still be, as a fan, with the club that will remain in my thoughts," Tanasijevic was quoted as saying.

The club sank into chaos last month with some players unpaid for months and some of them facing eviction from their homes. The club also had its water supply and telephone lines cut off for days over unpaid bills.

The only Serbian side with European and intercontinental titles, in 1991, Red Star currently lies third in the national league, 20 points behind champions and city rivals Partizan.(dpa)