'As reported earlier, over the weekend Swindon Town FC received a request from Leeds United FC that they be allowed to speak with Dennis Wise and Gus Poyet regarding the outstanding managerial vacancy at that club.
'Swindon Town FC reluctantly agreed to that request but made clear they would only release Dennis and Gus from their contracts if suitable compensation were paid by Leeds United FC.
'Regrettably it has proven impossible for the clubs to agree a suitable financial package. Earlier today the club withdrew permission for Leeds United FC to talk with or seek to appoint Dennis Wise and Gus Poyet.
'Dennis and Gus remain valued members of Swindon Town FC as both players and part of the management team. Whilst discussions are ongoing between the two Clubs, Dennis and Gus remain contracted until the end of June 2009 and are continuing to fulfil their duties; both they and the club are determined to ensure that the progress achieved to date continues.
'Both individuals have been offered significantly improved terms at the club and it is hoped that they will both remain with Swindon Town FC for the foreseeable future.'