Thaksin Shinawatra has offered to quit as Manchester City chairman.
Thaksin fled Thailand where he is supposed to be facing corruption charges from his time as the country's Prime Minister.
It has put his position in jeopardy under the Premier League's Fit and Proper Persons Act.
And City executive chairman Garry Cook revealed: "Dr Thaksin is embarrassed about the indignity brought on all the entities - the club, the Premier League - he never intended this.
"I didn't realise the impact this situation would have.
"I feel it's a little embarrassing and the owner thinks it's embarrassing.
"Dr Thaksin has been really open about this.
"He has said to me, 'if you need me to resign from the football club as a director, because it would serve the needs of the Premier League, then I'm fine with that as long as that doesn't change any other thing.'
"I think there is a very loose term about what is 'fit and proper.' It is almost a tongue-in-cheek term that you would use for Premier League football over the last 10 years. There are plenty of unfit and improper individuals.
"But what I want to do is make sure we get it cleared up. We are restructuring the board.
"I would like to bring in some non-executive members from industry - captains of industry, who can help the football club move to its long-term vision."
But Cook admits if the Premier League find Shinawatra is not fit and proper they will have to take him off the board.
He said: "That is one of the reasons why we would look to maybe take him off the board as a director. We're talking about a lot of different things right now."