"It does pain me to see the club in the trouble it is in, it really does," Storrie told the Evening Post.
"And I am sorry for any part I played in that.
"Everything I did was done with the best of intentions. There was a plan in place to make the club successful.
"And we have taken exactly the same approach at Portsmouth - only it has paid off." He added.
Storrie and co spend over £1.5 Million on new players such as Steve Mildenhall, Darren Caskey, Ian Baraclough and Tony Hackworth which included costs of wages, signing on fees and other installments in a bid to gain promotion, but things have not turned out the way it was all hyped up to be.
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"I know a lot of fans still blame me for the trouble the club is in, but what I would say is that it wasn't me alone." Added Storrie
"It was a team effort to get the club promoted and it didn't work out.
"For that, the players, the management and the rest of the board have to take responsibility.
"We made a lot of big signings and we thought it would work out."