A takeover of Premier League side Hull City by a consortium from China and Hong Kong is now off, according to BBC Radio Humberside.
The takeover had been expected to be completed by the end of this month, with the group buying the club from the Allam family.
But now the deal is off, meaning the Allam family, who have seen some fans protest against their ownership, are due to remain in control at the Premier League side. It has been claimed the collapse is not due to anything on the part of the Allam family.
It had been indicated that the Chinese consortium would have confirmed caretaker manager Mike Phelan in his role.
It remains to be seen now whether other parties will come to the table to try to take advantage of the collapse of the takeover deal.
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The Allam family took control of Hull in 2010, but put the club up for sale in 2014, following the Football Association rejecting a request to change the team's name to Hull Tigers.
Phelan meanwhile has led Hull to a solid start to the new Premier League season.
They currently sit a lofty fifth with six points from their opening three games.
