David Pemsel has informed the Premier League that he will not take up the role of chief executive next year following "media disclosures," the league said on Friday.
Pemsel, the CEO of Guardian Media Group [GMG], was set to succeed Richard Scudamore in February after his appointment was approved at a shareholders' meeting in October.
"Following media disclosures earlier this week and discussions with David Pemsel, the Premier League has today accepted David's resignation and he will no longer be joining as chief executive," the Premier League said in a statement.
The league said interim chief executive Richard Masters, who was set to take up the Managing Director role, will now continue in the chief executive role and that they would not be making any further comments at this stage.
Broadcasting executive Susanna Dinnage was originally appointed as Scudamore's sucessor but reversed her decision in December last year.
The league then wanted BBC executive Tim Davie to replace Dinnage, but he turned down the opportunity a month later.
The league confirmed that Scudamore would receive a "golden handshake" worth £5 million which infuriated a high-ranking official at Leicester City.