Eddie McGuire has denied any involvement with a reported presidential coup at Collingwood, urging the two men involved to do what is best for the club.
McGuire's departure has caused mass upheaval at Collingwood, with list manager Ned Guy and board member Alex Waislitz both leaving the club in recent months.
MORE: McGuire reveals fear over re-emerging Magpies 'ghosts'
After being unveiled as McGuire's successor, Mark Korda has already been forced to hose down explosive reports of a coup being orchestrated by former Nine executive Jeff Browne.
Browne's friendship with McGuire has resulted in many joining the dots and suggesting that McGuire is behind the move, but the long-time president said he was "bewildered" by the very suggestion.
"People like to get the clicks and there's just been people who don't ring me and ask me to be perfectly honest," McGuire told Nine News Melbourne.
"It's as simple as this: I was president for 23 years at the club I love, I gave my heart and soul to the place and I stepped aside, and that's it. I support the Collingwood Football Club, I want it to do well and I've got nothing to do with anything.
"We've been very good friends for a long, long time, but I've got nothing to do with anything that Jeff's doing as far as anything to do with the Collingwood Football Club."
McGuire has previously warned against a coup and once again urged Browne and Korda to find a middle ground.
"I don't think coups are great at all, no, I've said that in the past," he said.
"If there is going to be something then those two men, Mark Korda and Jeff Browne, need to sit down and work out what's best for the Collingwood Football Club.
"I did do that 23 years ago with Kevin Rose and we came up with a pretty successful plan where we didn't have an election for 23 years.
"As a result of that, it's probably the strongest financial club in the league alongside the West Coast Eagles. There's a lot of good things from stability."
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