Yeovil Town Football Club will no longer be bought out by an American investor following the team's relegation to the National League.
The club confirmed on Wednesday 8 May that Rob Couhig, who runs a legal firm in the United States, had withdrawn his bid to take over the club from current chairman John Fry.
The 69-year-old investor previously owned the New Orleans Zephrys baseball team.
In a statement, the club said:
The club added that Interim Manager Neale Marmon has left the club with immediate effect.
Sports commentator Chris Spittles said on social media on Tuesday 7 May that Marmon could be returning to Germany.
The club said it continues its search for a new First Team Manager.