Chief executive Gavin Baldwin says Rovers’ current owners believes it is in the best interests of all parties if the club remains in their control after rejecting Sequentia Capital’s takeover bid.
The club announced this morning that negotiations with Sequentia had come to an end and a deal had not been agreed.
Baldwin said: “Negotiations regarding the ownership of Doncaster Rovers FC have been ongoing for a number of months, however the current owners feel it is in the best interests of all stakeholders if the club remains in their control.
“The decision was based on what they believe is best for the club and they are looking forward to working with all involved in Doncaster Rovers to ensure that the club continues to progress and that the business continues to thrive.
“They are excited about the future of Doncaster Rovers and helping the club to realise some of its unfulfilled aims.
“The current owners have a clear and exciting vision for the club which they are keen to deliver.”
Baldwin told the Doncaster Free Press this week that the club was hoping to conclude negotiations by mid-December.
Club representative David Blunt was expected to meet with a Sequentia representative yesterday.