Van Morton Investments has pulled out of its takeover of Wrexham Football Club with the club citing ‘direct negative and adverse publicity’ as the reason.
An agreement had been reached for the club with the option for the group to purchase the stadium and training ground in the future, but the move had drawn criticism from some fans who believed there were plans to sell the stadium and club separately as well as confusion over Van Morton Investments, who weren’t registered as a company in the UK.
A statement on the club’s official site said: "Van Morton Investments have withdrawn from their options to buy the club, the stadium and the training ground.
"This is as a direct result of the negative and adverse publicity that they have witnessed.
"Further they are aware of the abuse and threats that the current owners have received over this matter. They now plan to look elsewhere."
Chairman Ian Roberts and director George Moss have asked Robert Bickerton, Tony Allan and Jon Harris – the bid team, to continue to run the club and seek investment into the Blue Square Bet Premier side.