Media Sports Investments have pulled out of a potential takeover of West Ham United after failing to agree a price with the club's directors.
But the company remains intent on finding "other opportunities in the European football market".
In a statement to the Stock Exchange, the company confirmed it would not be making an offer for the club.
"(MSI) believes it would not be able to reach a consensus on the valuation with the directors," said the statement.
The company is led by Kia Joorabchian, a 34-year-old Iranian-born British passport holder.
http://news.bbc.co.uk/sport1/hi/foot...td/4467656.stm
But the company remains intent on finding "other opportunities in the European football market".
In a statement to the Stock Exchange, the company confirmed it would not be making an offer for the club.
"(MSI) believes it would not be able to reach a consensus on the valuation with the directors," said the statement.
The company is led by Kia Joorabchian, a 34-year-old Iranian-born British passport holder.
http://news.bbc.co.uk/sport1/hi/foot...td/4467656.stm