Birmingham City have confirmed that talks with Carson Yeung over his proposed takeover of the Premier League club have come to an end.
The Hong Kong businessman bought a 29.9 per cent stake in the Blues in the summer, but negotiations over a complete takeover at St Andrew's have hit the rocks in recent weeks.
A statement from the club to the Stock Exchange confirmed: "The company announces that it has terminated discussions with Grandtop International Holdings, as the directors are no longer confident that GIH will be able to make a general offer for the company.
"The directors confirm that they are not in discussions over any other potential offers for the company."
Blues chairman David Gold had earlier commented: "We now need a period of stability. We will do nothing now, but we can't stop people making inquiries.
"We will concentrate from now until the end of the season on Birmingham staying in the Premier League. We won't entertain anything until the summer.
"Now is the time to focus on staying in the Premier League everyone worked so hard to get back into last season."