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One Direction singer Louis Tomlinson will not be taking over Doncaster Rovers, ITV News has learned.
Last month it was reported that the 22-year-old had completed a takeover deal of the League One club with his business partner cosmetic surgery magnate John Ryan.
But Ryan told ITV News that the "takeover was off" and that the duo had not passed the Football League's "fit and proper person's test".
Fans were asked to pledge money to the club in exchange for membership, branded clothes and collectors' items, with an aim to bump funds to £2million, but less than half the money was raised.
However, Ryan said the takeover was "not dependent on the crowdfunding project", adding that he was now "finished with football."
Fans who pledged cash will not lose any money, according to the football club's website.
One Direction singer Louis Tomlinson is to charge Doncaster Rovers fans £250 per selfie in a bid to raise funds for the club.
The 22-year-old, who completed a takeover deal of the League One club with cosmetic surgery magnate John Ryan last week, said the pair are hoping to attract £2 million from supporters as part of their crowdfunding project.
The Tomlinson Ryan Trust has announced a series of ideas designed to boost club coffers.
According to the Trust's page, fans who bid £250 or more can "grab a selfie with Louis" before a home game. The price also includes a match ticket.
So far 32 people have taken up the offer, the website said.
Once his takeover of hometown club Doncaster Rovers was completed today, Louis Tomlinson swiftly launched a crowdfunding campaign to raise £2 million for the League One club.
The pop star, along with the club's co-owner John Ryan, hope One Direction fans and football supporters will contribute to the fund, in what is thought to be one of the biggest crowdfunding initiatives ever launched in the country.
The 22-year-old lifelong Doncaster fan said: "For me, this is all about the football, the community and restoring the excitement and desire to making Doncaster Rovers the most exciting club to play for in Yorkshire.
"I want to see the Doncaster Rovers supporters get the club the success it deserves. I grew up in Doncaster and have felt the love for football run through the town, it's for that reason that I have a real personal passion to make Doncaster Rovers a success story."