Hull KR have confirmed local businessman Tony Larvin will not be taking over
Last Updated: 05/02/13 10:14am
Super League side Hull KR are still seeking new investors
Hull KR have confirmed a proposed takeover of the club by local businessman Tony Larvin has fallen through.
Larvin had previously suggested he would be prepared to invest £15m into the Super League club but missed a first payment deadline of January 31.
The club then released the following statement: "Club officials had been in contact with Mr Larvin during the last three months but promised funds have not materialised.
"Therefore, the club will now actively pursue other avenues of potential new
investment and will not be making any further comment at this time."