The family-led consortium that was one of the last four to submit a proposal to buy the club has withdrawn its proposal.
The family that owns the Chicago Cubs baseball team was going to submit a cash bid for the English club.
The plans have ended, with members of the consortium unable to agree on the final make up of the deal.
After careful consideration, the group decided not to submit a final bid for the club.
In the process of finalising their proposal, it became clear that certain issues could not be addressed given the unusual dynamics around the sales process.
We wish the new owners well, and we have great admiration for the fans of the club.
The Raine Group, the bank handling the sale, was due to receive the final offers on Thursday.
More to come.
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