WITH news recently surfacing that former player Paul Dimattina is plotting David Smorgon's downfall, the Western Bulldogs president has revealed he will resign immediately if a challenger turns up to the club with a $4 million cheque.

Smorgon has also re-stated his position that he is in his last term as president and working on a succession plan, however that could take two-and-a-half years to implement.

Smorgon's current term expires at the end of 2013.

"I said at the AGM this would be my last term but I don't think anyone took much notice," Smorgon told The Age.

The Bulldogs' president prior to Smorgon, Peter Gordon, has described the challenge to Smorgon as "childish".

"I think the idea that what's happened on the field in the last four or five weeks generates the need to challenge the board and the management... is not just wrong, it's childish," Gordon told The Age.

The Herald Sun reported on Tuesday that Smorgon was unhappy with the perceived "backstabbing" that is going on as a ticket is built to challenge his board.

"We know that there have been a couple of people approached [Monday morning], so there are still attempts out there to try and put a ticket together," Smorgon said.

"You do get disappointed that some people, for whatever reason, think that the best way to go about it is through the side door, backstabbing and do it behind the scenes. That's not the way we do it at the Bulldogs, not anymore.

"If they come along with a bank cheque for $4 million, they will have my resignation immediately. I will gladly step down, as I'm sure every other board member would," he said.

Former Bulldog and afl.com.au columnist Luke Darcy said on One HD's One Week at a Time he thought the Dimattina-led group was being "divisive".

"[Dimattina] should be coming down and saying, 'How can I help out? What can I do?' If he has a good plan, go ahead and do it. I am not sure he has," Darcy said.

Darcy said he was not interested in following the growing trend of former players taking on the job of president at their old club.

"I've got so many other commitments that I couldn't give it the time it requires," he said.

Smorgon told The Australian: "I said the one thing I will commit to, at the end of my reign, I want to be able to look myself in the mirror and say I gave it 100 per cent. I think so far I have stuck to that word," he said.

"And if it all ended this afternoon, I would look myself in the mirror and say I am proud of what the team has achieved, I am proud of the way we have gone about it and I am proud we have given it 100 per cent."