The takeover proposed by Derby County by Spanish businessman Erik Alonso has been canceled.
Alonso’s No Limit Sports Limited reached an agreement in principle to buy the club on April 7, but have since been unable to close the deal.
Speaking to talkSPORT earlier this week, Alonso vehemently denied claims the deal was dead in the water.
“This is not true, we will move forward with the buyout,” said Alonso, speaking exclusively to Jim White and Simon Jordan.
Asked why there was doubt about the buyout, the Spanish businessman added: “I don’t know, we are continuing and moving forward.”
This is breaking news. Further updates will follow shortly.
For the latest news, expert advice and opinions on all the major sports talking points, log on to talkSPORT.
You can listen live on the HERE site, through the talkSPORT app, on DAB digital radio, through your smart speaker, or on 1053 or 1089 AM.