Collingwood will accept the Transport Accident Commission's (TAC) wrath over the Cameron Cloke speeding controversy, the AFL club's president Eddie McGuire said.

The TAC board will meet on June 16 and is understood to be reviewing its high-profile financial backing for the Magpies and Richmond.

Cloke will lose his licence after being caught earlier this week driving 44 km/h above the 100 km/h limit on the Eastern Freeway.

The Magpies also fined Cloke $5000.

"There's talk about whether TAC will continue at Collingwood and/or with Richmond," McGuire said on Channel Nine's The Footy Show.

"As far as I'm concerned with Collingwood, that's not necessarily the point - we'll probably be able to go out and find another sponsor for our guernsey, we're a high-profile club.

"We went into this as a community campaign, because we actually wanted to make a difference.

"You can't just have it both ways - we cop what the TAC is saying to us.

"If we get knocked on the head, that's up to them, we believe we've done enough and the message has been getting through."

McGuire said Cloke "hasn't asked for any excuses" over the matter.

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