Former England boss Taylor took over at Villa Park for a second time in February last year following John Gregory’s departure but the club struggled in the Barclaycard Premiership this term.

Taylor said: “Contrary to what may be perceived playing results are not the reason for my resignation and I had always believed that last season was going to be one of transition, particularly in respect of emerging young players.

“I would however point out that modern football, with its well publicised financial pressures, involves much wider issues than mere playing matters and those are a major factor in my decision.”