David Bernstein and Lord King have resigned from the Aston Villa board with immediate effect.
Former Manchester City chairman David Bernstein joined the club in March as part of a boardroom shake-up that included former manager Brian Little.
Villa chairman Steve Hollis brought in 67-year-old life-long fan Lord King, the former Governor of the Bank of England, in February.
Villa were relegated from the Premier League on Saturday.
More to follow.