Swansea City chairman Huw Jenkins says he takes responsibility for the club's demise which has left them bottom of the Premier League.
The turmoil has been reflected off the field, with Bob Bradley becoming the Swans' fourth manager in three years.
Fans have turned on Jenkins and the board, accusing them of greed after selling most of their shares in July's American takeover.
"I fully understand their feelings, being a supporter myself," he said.
"When things don't go well somebody has to take the blame and I fully accept the responsibility.