Grimsby Town Football Club chairman John Fenty has aired his disappointment following the resignation of director Mike Parker.
Parker quit the Blue Square Bet Premier after a disagreement with the rest of the club’s board over the future of Town.
Parker said: "There is not the appetite for change at board level which I had hoped for and been led to believe existed.
"For some time I have been pressing for other changes to be made in the club's board structure and believed that these changes had been agreed, but they were voted down by a board majority at the meeting.
"During this discussion I felt that my personal motives were being questioned, which I find unacceptable.”
Chairman Fenty issued a statement through the club’s official site in which he sympathised with Parker and revealed he would continue to support the club financially.
Fenty said: "I spoke to Mike on the phone after the meeting and we shared disappointed. I understand Mike's frustration over this, however, I didn't expect the bombshell of him deciding to resign the next morning. Naturally we had several discussions during the day in an effort to persuade otherwise.
"It has not happened, the majority of the board clearly won the day on that one. What it has left is a situation where Mike feels he can no longer remain as a director.
"Mike has kindly reiterated his intention to maintain the financial support that he had previously indicated, in terms of the projections through into next season. That is just a measure of the man.
"He's been absolutely terrific to work with; I would like to reiterate my thanks and that of the boards to Mike, for his enormous support and financial commitment."