Swansea City admit investment talks with US billionaire John Moores are stalling.
The club had been in talks since the autumn with the former owner of the San Diego baseball franchise to invest in the club.
"Both parties felt that the time was not right to pursue any proposals," a Swans spokesman said.
"It was only at the discussion stage anyway, there was never any offer on the table."
The club spokesman added: "We were never really searching for investment, there's no desperate search to find investments. The club is financially sound, there is no debt.
"We are looking at ways to develop the club and help with the possible purchase of the stadium.
"We are having discussions with the council at the moment about that, but again it is only at the discussion stage."
