The withdrawal leaves two bidders left in the running to take over Hull City.
The Allams (Assem left, Ehab right) want out at Hull City
One of three bidding consortiums have withdrawn their interest in taking over Hull City, according to the Hull Daily Mail.
It was thought that the sale of the now Premier League club was close to completion last week, with an American consortium flying into the country to intensify negotiations with want-away owner Ehab Allam.
But there has been no progress since then, and uncertainty continues to reign over the KC Stadium, with the position of manager Steve Bruce far from clear.
Ehab Allam has been talking to potential buyers of the club
And with only two weeks until the Hull City squad return from their summer break to begin pre-season preparations, the club will need to get a move on and end the uncertainty of who is running the club.
The Premier League kicks off 13 august with Hull's first match against reigning champions Leicester City.
The Mail, while acknowledging the existence of confidentiality clauses, believe that the withdrawing party was not either the American or Asian based bidders.
Uncertain future? Steve Bruce
American investment banker Peter Grieve for one is still reportedly involved in discussions with Allam, however former Tigers chairman Adam Pearson is no longer believed to be in the running.
Despite the withdrawal, Tigers fans will hope that this marks a sign of progress towards coming to a final outcome, one that is long overdue.
There is no end in sight for the takeover of the Tigers