PLYMOUTH Argyle's administrators say they have "ceased dialogue" with one of the parties trying to take over the debt-crippled club, writes Edd Moore.
A consortium led by businessman Paul Buttivant had been asked to prove they had the cash in place by Monday evening.
But the group, who say they are backed by a multi-million-pound European investment fund, have still not done so.
Lead administrator Brendan Guilfoyle told The Herald he had now "ceased dialogue" with the group until funds are proved.
A source close to Mr Buttivant last night insisted they were not out of the race, promising their position would be clarified today in a public statement.
Mr Guilfoyle appears to now be focusing his attentions on two other bidders – Devon entrepreneur James Brent and an unnamed Irish consortium, with whom Mr Guilfoyle is due to meet in London today.