A consortium led by agent Vinicio Fioranelli has failed in their efforts to complete a takeover of Roma.
The group of Swiss investors were keen to take control of the Serie A giants, but have seen their bid come up short.
Rumours that the proposed takeover would collapse have been circulating for the past few days in the Italian capital, with shares in the club seeing their price fall sharply.
The failure to reach an agreement means Italpetroli, a company run by the Sensi family, will remain in charge at the Stadio Olimpico.
"Italpetroli wants to make it clear that up to today (Thursday), despite the efforts made, the conditions to continue with an evaluation of a possible deal have not been realised," the oil storage company said in a statement.
Italpetroli were in talks with billionaire George Soros last year, but a sale failed to materialise, while a number of other parties are reported to have expressed an interest without having any success.
Despite the news Fioranelli has yet to give up hope, telling Italian television when asked if a takeover could still happen: "We understand the responsibility we are assuming for a great set of fans. In four of five days you'll know everything."
Roma supporters are keen to see the club change hands, believing current President Rosella Sensi does not possess the necessary finances to help push the club forward.
Sensi is, however, a loyal supporter of the Giallorossi and continues to do her best, recently persuading manager Luciano Spalletti to remain at the club amid reports that he was wanted by Juventus.
Source: Sky Sports