Paul Elliott has resigned as a trustee of the Professional Footballers’ Association Charity.
The former Aston Villa, Celtic and Chelsea defender was reappointed as one of the charity’s nine trustees in September 2015, having resigned after only two months in the post in 2013.
On Thursday, he resigned for a second time, saying the move was because of his personal finances.
“We wish him well while he works through these issues,” the PFA said.
“I was victim to a financial fraud several years ago,” Elliott said.
“I lost a significant amount of money and as part of my efforts to clear my obligations, which I take incredibly seriously, I explored entering into a financial arrangement that I knew might impact on my eligibility as a trustee of the PFA.
“On seeking initial legal advice, I was informed that the arrangement would not impact upon the eligibility criteria. However, following further clarification from the Charity Commission, it was confirmed that it would cause an issue. I therefore chose to resign my position as a trustee.”
The PFA and its charity arm have been under scrutiny in recent weeks.
Chairman Ben Purkiss called for an independent review of the union’s activities and governance.
Meanwhile, the Charity Commission has started its own inquiry into the PFA Charity.
In a statement, it said: “We have opened a regulatory compliance case into the Professional Footballers’ Association Charity to examine concerns about the governance arrangements and to clarify a number of issues relating to the charity’s financial arrangements and accounts. We will be engaging with trustees on these issues and cannot comment further at this time.”
PFA chief executive Gordon Taylor, who has been the leading figure in the players’ union for 37 years, has been criticised recently, including by chairman Purkiss.
More than 300 current and former players have also reportedly signed a letter calling for Taylor to resign.