A bid to buy Stephen Thompson’s majority shareholding in Dundee United has collapsed.
Dundee-based businessman John Gibson, who also made an unsuccessful bid to buy out Thompson 18 months ago, had hoped for success second time around as part of a local consortium but the deal is now dead.
It is the latest twist in this long-running saga.
Thompson stepped down as chairman last March and expressed a desire to listen to potential offers as far back as 2016.
At one point it looked likely that an American consortium would be taking over the Tannadice club.
Gibson is a lifelong supporter of the Tangerines and steering group member of the Dundee United Supporters’ Foundation.
He may look to rekindle his interest in future but, as things stand, Thompson remains the club’s biggest shareholder with 53%.
