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resident of Collingwood Football Club, an emotional Eddie McGuire, has resigned from his position effective immediately.

This comes after damning reports released last week revealed that the club was guilty of systemic racism.

McGuire announced the decision in a press conference on Tuesday afternoon.

“I try my best. And I don’t always get it right,” McGuire said.

“From the moment I became the president of the Collingwood Football Club on my 34th birthday back in 1998, my sole motivation was to heal, unite, inspire and drive a new social conscience, not just into this club, but sport and the community in general and build an organisation that would be a place for opportunity for all people,” he said.

An open letter published on Monday from Indigenous community leaders, politicians, and a former AFL player called on McGuire to step down following the release of the “Do Better” Report.

McGuire called the publication of the historic report into racism at the club a “proud day” after its release last week and later admitted at the club’s annual general meeting he had “got it wrong”.

The report claimed racism at Collingwood had resulted in “profound and enduring harm” to First Nations and African players which “affected them, their communities, and set dangerous norms for the public.”