Gannon led Stockport to promotion through the play-offs last season
Stockport County boss Jim Gannon has turned down the chance to become the new manager of Brighton.
Gannon had been given permission to talk to the Seagulls, but a statement on the Brighton website confirmed that he is to remain at Stockport.
"Jim had certainly caught my eye and we had a lengthy and interesting meeting," said Brighton chairman Dick Knight.
"It is disappointing he has chosen to stay with Stockport, but the process to find a new manager will continue."
Knight approached County for permission to talk to Gannon following the departure of Micky Adams on Saturday.
My position became untenable a long time ago
However despite rejecting the approach from Brighton, Gannon's future at Stockport remains unclear after he described his position as "untenable".
Before holding talks with Albion, Gannon had told BBC Radio Manchester: "I don't think any other manager would've put up with what's gone on in the last six months.
"My position became untenable a long time ago."
Gannon, 40, took over as Stockport boss in January 2006.
He led the club to promotion through the League Two play-offs last season, beating Rochdale 3-2 at Wembley.
But the Irishman said that recent negotiations over a new contract had led him to become increasingly frustrated.
"You only have to look at what was revealed over the last six or seven weeks to understand my position," said Gannon.
"Even now I don't think people understand the pressures that have been put on me to make decisions for myself, for my players and for the club."
Jim remains crucial to our immediate survival plan and also to County's long-term ambitions
Stockport chairman Martin Reid
Gannon, who made over 400 appearances as a player for Stockport, said he was flattered to have been approached by Brighton but his decision to stay in Cheshire is likely to delight the County chairman Martin Reid.
After granting Gannon permission to talk to Brighton, Reid had told the Stockport club website: "Jim has been such a success since taking charge of the team in 2006 that interest from other clubs is inevitable.
"However, Jim remains crucial to our immediate survival plan and also to County's long-term ambitions."
Gannon remains in charge of Stockport for Saturday's game against Huddersfield at Edgeley Park.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.