Former Scunthorpe director Dennis Hobson has spoken of his disappointment at being removed from the club's board.
The boxing promoter was voted out by shareholders at Monday's general meeting bringing and end to his eight-month spellat Glanford Park.
Hobson was told in May he would replace departing chairman Steve Wharton, however, shortly before he was due to be announced as Wharton's successor the other directors decided to appoint Peter Swann instead.
"Scunthorpe United isn't going to make me money, it's going to cost me money. I knew that when I got involved," Hobson told the Scunthorpe Telegraph.
"But the one thing I would have done is made a difference, for the better. I would have got people involved and who would have invested.
"I'm a bit peed off, but it's not the worst thing that will happen to me. There's a lot of other things going on in my life for me to focus on, it's just a shame because I like the club.
"I'm disappointed with how it's worked out, but they (the other directors) probably haven't heard the last of it. I'm going to take stock with my solicitor and we'll decide where we go from here and what action, if any, we're going to take."