American investment firm Cain Hoy has announced it will not be buying Spurs.

The company confirmed it was interested in the club earlier this month after releasing a statement to the London Stock Exchange.

However, Spurs maintained its talks with Cain Hoy were to do with financing the new stadium rather than the sale of the club.

Cain Hoy has now released a further statement, confirming that it is “no longer considering making an offer for Tottenham Hotspur.”

The firm said: “On 12 September 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.”