Businessman Haleem Kherallah says he is ready to abandon his bid to take over Queens Park Rangers.
Kherallah claims the club's board are hostile to his offer because they are keen to stay in their positions.
"They don't want someone with fresh ideas," he said. "They want to keep their jobs.
"People have asked me not to give up, but it's clear my offer is not going to be accepted.
"I am done with trying to talk to these people."
Kherallah's claim has been strongly denied by QPR chief executive David Davies.
Both he and chairman Nick Blackburn have stated that they would be willing to step aside.
"It has always been made clear to interested parties that they would not be prevented from replacing people if it would put the club in a better position," said Davies.
"The accusation that people are holding onto their positions is not justified.
"The current directors are fully prepared to step aside if required."
Meanwhile, QPR veteran Steve Palmer has signed a new one-year deal.
The 35-year-old was recently offered a role as player-coach at Wimbledon, but the move broke down after the Dons went into administration.
A financial dispute with his former club Watford over the deal that saw Palmer join the R's two years ago has also had to be settled in order for him to re-sign at Loftus Road.
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I am done with trying to talk to these people
