Irish developers will not be buying AFC Telford United, the club have officially confirmed.
An offer was on the table to buy the National League North club, but there were “concerns” say the Shropshire outfit and the plug was pulled.
The group, which was led by property developer Anthony McMullen, wanted 51% control.
But the Bucks have announced that they are turning their attentions elsewhere.
“The club board entered direct discussions with the potential investor from Ireland,” the club confirmed in a statement.
“There were a number of phone discussions and we met him face to face on 15 May and 19 May.
“The individual outlined a proposed structure for the club that substantially increased off-the-field operating costs by at least £150,000 per annum.
“There was no indication as to how these additional costs would be financed, given he was unable to finance the purchase of the shares.”