Everton have ended talks with a consortium led by Peter Kenyon any further after a period of exclusivity came to an end on Friday.
The club's owner Farhad Moshiri is seeking investment for Everton's new £500m stadium.
But the group, led by former Manchester United and Chelsea chief executive Kenyon and including United States-based businessmen, also had discussions about a stake in the club.
But those discussions are now over, says BBC Spot.
However, a source close to the Kaminski family, which intended to provide the majority of the funding, has claimed that talks are still ongoing.
It is not clear if the group, which also included US investor John Thornton, are still interested in helping to fund the stadium.
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