Reynolds became the chairman of Darlington Football Club in 1999 and built the team a
new stadium costing £20 million, which he named after himself. Reynolds was originally very popular with fans but he then took the club into
administration and left the club in January 2004, just months after the new 25,000-seat stadium (one of the largest stadiums outside the
Premier League) was opened. The stadium was renamed shortly afterwards. Darlington goalkeeper
David Preece said shortly after he was transferred to
Aberdeen F.C., the day before his debut against
Celtic F.C., Reynolds called him threatening to cancel the transfer unless Preece signed a waiver of his £45,000 signing-on fee. He famously declared his ambition to take Darlington into the Premier League, and when he took the club over they had been in the
Football League's basement division since 1992. The new stadium did nothing to improve their on-field fortunes, and they did not move out of the basement division of the Football League until 2010 - when they were relegated to the
Conference. The club was later relegated four divisions to the
Northern Football League Division One and forced to reform as a new club,
Darlington 1883, owned by the fans. ==Downfall==