Sydney Swans chairman Andrew Pridham has issued an apology to Eddie McGuire for questioning comments made by the Collingwood President regarding salary cap breaches committed by the Parramatta Eels.

On Wednesday, McGuire and rugby league media personality Mark Geyer spoke on Triple M about the sanctions facing the NRL club, which is based in the Greater Western Sydney region.

An audio grab regarding of the conversation was provided to Pridham, which resulted in the Swans chairman asking the AFL to issue McGuire with a “please explain” for his comments.

On Friday Pridham retracted his comments and apologised to McGuire, saying he incorrectly believed the Collingwood’s President’s assessments were about the GWS Giants.

"My question re Eddie's salary cap comment was based on audio provided to me and noted I had not heard entire segment and still have not," Pridham tweeted.

"I now understand Eddies comment related to Parramatta. Withdraw comment and apologise unreservedly on that point."

McGuire accepted the apology on Triple M on Friday morning.

“I accept the apology and we move on,” he said.