Erik Alonso's prospective takeover of Derby County is officially off according to BBC Derby Sport on Twitter.
The Spanish businessman had previously agreed a deal with Mel Morris to buy the Midlands based club back in April and has since been unable to complete the transaction.
John Percy of the Telegraph was the first to break the news of the takeover potentially being off the table yesterday evening, with the club said to concerned over whether a deal could be completed between the two parties.
The report also went on to say that Morris chose to scrap the talks after various hold ups and is now in talks with other potential buyers as he continues to push to sell.
This is the latest dramatic instalment in what has been a crazy week for everyone connected with Derby County as they first secured their Championship survival and then found out that the EFL had won it's appeal relating to charges against the club for breaching spending rules.
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This will come as a hammer blow for everyone connected with the football club as they are now seemingly very much back to square one with regards to finding new owners who can take them forwards.
It's not the first time that they have been let down by interested parties and perhaps it won't be the last if this last week of chaos is anything to go by.
Alonso was never really convincing to many people and their suspicions appear to have been proved right as he has essentially pulled out at the final moment.
Morris will now be seeking to thrash out a deal with another potential buyer but there is no real time frame that can be placed on how long it would take to agree to sell the club again as the Rams frantically look to bounce back from yet another setback.