The whole issue has divided opinion and the Club has been put under unbearable pressure as a result.
Proceeding could have placed significant financial pressure on the Club and continued to be a divisive influence. As a consequence the deal could not go ahead.
As a Club we condemn all crime including rape and irrespective of any appeal procedure it was always the case that we were prepared to withstand the barrage of abuse that is evident within the country and on social media.
We deplore and condemn the vile and abusive threats, some including death threats, which have been made to our fans, sponsors and staff whilst this process has been in the public domain.
Finally, we would like to place on record our gratitude to all who have supported the club during this difficult period, including the Club staff, who have retained their focus throughout and in addition to Ched and his team who have acted with professionalism at all times.
We understand Ched has released his own statement on his website.
The club will not be making any further statement on this matter.