Liverpool owners Fenway Sports Group have pulled out of talks to buy struggling French club Bordeaux.
Bordeaux said FSG cited future maintenance costs of the stadium, plus the general uncertainty over the financial stability of French football.
FSG confirmed last week they were in the "early stages of dialogue and engagement" over a deal for the six-time French champions.
Bordeaux were provisionally relegated to the third tier National 1 by French football's financial watchdog, the DNCG, after failing to provide guarantees for the 2024-25 season. The club are appealing the decision.
"FC Girondins de Bordeaux and its shareholder have been informed by Fenway Sports Group of its intention not to pursue the discussions initiated in recent weeks with a view to buying the club," a statement read.