The Leicester City assistant manager Micky Adams has cleared up the misunderstanding over his reported comments about his position at the Filbert Street club.
Adams was quoted as saying that he was going to reconsider his position if he was not allowed to take over as the manager of the Filbert Street club when this season ends.
Adams has now said he is "embarrassed" over comments he made in a local television interview last Thursday.
The former Fulham and Brighton boss joined City on the understanding that he was being groomed as an eventual first-team manager. He admitted his relationship with Bassett had been "bruised" by his comments but he has moved swiftly to silence the idea that the two have fallen out.
He said: "I feel slightly embarrassed and I'd like to issue an apology to Dave Bassett first of all and to chairman John Elsom and the board of directors.
"I wouldn't say it was a throwaway quote that I made but all I was trying to reiterate to everybody was that I saw my long-term future as a manager.
"Perhaps I was misconstrued but also a little naive in what I said. Perhaps my choice of words wasn't right.
"I can't apologise to Dave enough because all I did was give him a little bit more pressure which he didn't need at the moment given the club's position in the Premiership."
Adams said that he does not want to be thought of as arrogant after the comments appeared to make him seem over-confident.
"I certainly don't think I'm good enough to say `I want to be manager or I'll quit.' I'm not that naive to think I am that good, that I can hold a gun to people's heads and I certainly don't want to do that.
"It's bruised a relationship that I value. There haven't been any rows but we've certainly had a discussion. But I don't think anyone can accuse me of stabbing him in the back.
"I'm 100% behind Dave Bassett in whatever he wants to do. Discussions will be going on between Dave and the board regarding what direction he wants to take.
"But if Dave is still manager next season, then I'd be happy to be assistant manager."
Bassett calmed the situation further by saying that he did not take offence at Adams' clear desire to further his career.
He said: "Some look on it as a stab in the back but I definitely don't see it that way and Micky did not want it to seem that way either.
"I think he is as frustrated as we all are that things have not turned out as we would have wished but as far as I am concerned it's not a problem.
"On Saturday everything was fine with us and that's how it will continue. What happens in the summer is something that will be discussed. You don't make these decisions in a rush. it has to be planned. You have to do what you need to do at the right time."