Understatement of the day.

(CNN) – Michael Steele, the newly ousted chairman of the Republican National Committee, said he’s “disappointed” he lost the recent election but that many in his party are relieved.

“I think the people in the party, particularly the establishment, are breathing a sigh of relief,” Steele said Wednesday on CNN’s “The Situation Room.” “They have control of the RNC now; let’s see what they do with it.”

Steele said he thinks many in his party wanted someone with a different tone to run the fundraising arm of the national party. The former Maryland lieutenant governor often made controversial comments that landed him in the national hot seat.