Football League chief executive Shaun Harvey has confirmed the governing body has no intention of opening an investigation into ongoing ownership concerns at Blackburn.
Under the rule of Indian poultry magnates Venky's, the club stand on the brink of becoming the first former Premier League champions to be relegated to League One.
And an investigation by the Mail on Sunday revealed the League could technically be in a position to reopen previous investigations into ownership issues which were conducted by the Football Association.
Harvey said on BBC Radio Five Live's Sportsweek: "None of our rules have been breached as far as we're aware of, other than action that has already been taken.
"I think the story is exceptionally sad for supporters of Blackburn Rovers and supporters will quite rightly go back to their heyday under Jack Walker.
"You look at where they are today and it's a sad story, but we've no regulatory concerns in relation to Blackburn Rovers that we're aware of."