Swansea City's proposed takeover has stalled due to "a dispute between two minority shareholders".
American investors Jason Levien and Steve Kaplan were expected to wrap up a deal to buy a controlling 60% stake in the Premier League outfit on Thursday evening.
The pair, who lead the consortium, met with Swansea chairman Huw Jenkins on Wednesday to finalise the deal, which has already been ratified by the Premier League.
The dispute reportedly involves a 21.1% stake in the club which is owned by South African-born Brian Katzen and his business partner Jeffrey Crevoiserat.
Swansea are still understood to be hopeful of completing the rumoured £110m deal this evening.
