U.S. investment group Cain Hoy Enterprises has confirmed that it is no longer considering making an offer to buy Tottenham.
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News broke on Sept. 12 that Cain Hoy was weighing up an offer, with reports suggesting a one billion pound price tag had been placed on the North London club by their current owners.
After a period of consideration, the investment group has now confirmed that it will not be pursuing its interest in Tottenham, bringing to an end a brief period of uncertainty for a club that last saw a change of ownership in 2001, when the ENIC Group bought out former chairman Alan Sugar.
A statement to the London Stock Exchange read: "On Sept. 12, 2014, having previously approached Tottenham Hotspur with a proposal, Cain Hoy Enterprises, LLC ['Cain Hoy'] confirmed that it was at the preliminary stages of assessing a cash offer for Tottenham Hotspur.
"Cain Hoy has subsequently terminated its assessment and accordingly is no longer considering making an offer for Tottenham Hotspur."
Tottenham chairman Daniel Levy and his boss Joe Lewis were reported to be against a Cain Hoy bid, although the club have offered no official comment throughout the process.
The news that Levy will remain as chairman of the club means plans to build a new stadium on the current site of their White Hart Lane home will continue, with the project set to force Spurs to spend a season at an alternative ground for the 2017-18 season.
Sources have told ESPN FC that Tottenham are in discussions with MK Dons about a temporary move to their stadium in Buckinghamshire, but other options are also believed to be on the table.