Reid continued, "I don't know what the situation is with the fines to be honest, I just know what I've read.
"I don't really know what he's saying but I don't want to get involved with all that. I'm not that type. It's important to have dignity.
"There is a proper way of doing things and I'll always stick by that, or try to."
He added: "What happened to me at Leeds is part and parcel of what goes on in football.
"But what I will say is for anyone trying to turn around Leeds, whoever you are, it's going to be a long-term job.
"It's a pity I didn't have longer in the job and obviously I'm very disappointed things didn't work out differently.
"But despite it all I enjoyed my time at Leeds. I've always thought it is a great club and I still believe that. It's just a shame the circumstances weren't different.
"But it's been an honour and privilege for me to manage Leeds. I can't find the words to speak highly enough about the fans. What can you say about them?
"They've been fantastic with me and right behind the team. They've been brilliant all along and in 30 years in football I've never known support like it."