Manchester City owner Thaksin Shinawatra has no intentions of selling up and remains committed to the club.
Thaksin flew to Britain last week instead of returning home to face court charges and doubts have been raised over the extent of his financial power.
However, City's executive chairman Garry Cook says the former Thai prime minister is not looking for a way out.
"This is his love, and he wants to show people he is committed," Cook told BBC Radio Manchester.
"I asked the question as well as everyone else - 'is the club for sale?' and he is quite adamant this club is not for sale and he is here for the long haul.
"I asked 'why did you buy it?'. He said he bought it because there is a 10-year plan."
"This club is not bankrupt - we are going forward"
Cook previously stated: "Dr Thaksin is embarrassed about the indignity brought on all the entities - the club, the Premier League - he never intended 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'."
It is not clear what the board's exact response to Thaksin's offer was.
The Premier League has indicated it may ask Thaksin to take its 'fit and proper person test' to see if he can own a club.
"I think there is a very loose term about what is 'fit and proper'," said Cook.
"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."
Cook also admitted Thaksin does have financial constraints - his assets have been frozen in Thailand - but denied it will be a major problem for City.
"Dr Thaksin is in a political situation and a case that affects his assets, so that's well documented, and that's a hurdle," added Cook.
606: DEBATE
City manager Mark Hughes, who had dinner with Thaksin last week, is pleased with the club's progress in the transfer market.
The latest arrival, Belgium's 22-year-old midfielder Vincent Kompany, made his debut in the 3-0 win over West Ham after signing a four-year deal following his move from Hamburg for a reported £6m.
His signing follows the capture of Brazil striker Jo in the close season for £18m.
"We keep on telling everyone there is not a financial situation here and no constraints," commented Hughes.
"Some people are putting out a lot of negativity about the club. That will change once we start winning games. People will then concentrate on football, which is the most important thing."
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