A deal that would have seen a consortium buy Chesterfield Football Club is off.
A statement from first team boss Martin Allen on the club website has confirmed that the takeover is not happening.
And he revealed his belief that, had it gone through, he would no longer be Town boss.
“I cannot tell you how relieved and happy I am after receiving a call from my boss, telling me the takeover is over,” he said.
“If this takeover has had happened, last night would probably have been my last game as your manager.
“I’m sure none of you could ever imagine me working under a director of football, telling me who I can and can’t sign and what I should and shouldn’t be doing and it would not have suited me one little bit.
“I am a double championship winner and I’ve moved my family up here with the sole purpose of another championship win.”
News of an imminent takeover began to filter out of the Proact last week, with sources confirming on Monday that a deal was close to completion.
Former Mansfield and Sheffield United player Tony Kenworthy and ex Sheffield Wednesday and Sheffield United secretary Dick Chester were believed to be two of the men involved in the consortium.
The pair recent became directors of a newly formed company called Tram Sports Ltd.
It’s thought to be the closest the club has come to a sale since Allen put the club on the market.