Kidderminster Harriers Football Club has seen takeover talks with businessman Chris Swan break down.
Football Trade Directory had reported how the Blue Square Bet Premier side faces liquidation, needing to find £150,000 before the end of December. The club held an initial meeting with Swan on the 15th December before returning a proposal to the Stratford businessman, but it now appear Swan will not pursue his interest.
A statement on the club’s official site said: "It is well documented that the KHFC remain in an extremely difficult financial position.
"A meeting was held on the 15th December 2010 with directors, ex directors and major shareholders with a potential investor Mr Chris Swan.
"The directors and major shareholders gave full consideration to the offer and unanimously agreed a proposal which was put to Mr Swan on the 16th December 2010.
"After due consideration, Mr Swan has decided not to pursue his interest in KHFC."
Earlier this month Harriers also revealed that a further £50,000 would be needed in January in addition to the £150,000 required before the end of 2010.