Leadership of the stockyards announced they entered a deal with business owner Chris Franklin earlier this year, but now, a press release shows the deal has not come to fruition.
The Oklahoma National Stockyards Company posted the notice on its Facebook page.
"While this outcome is disappointing, it renews our focus on finding a buyer who shares our vision: one who values the legacy of the yards and is committed to developing the surrounding area while preserving our core operations," according to the press release.
The stockyards opened in 1910 and is currently the largest stocker and feeder cattle market. It has been for sale since last year and is listed for $27 million.
The property includes ancillary land, commercial buildings and the historic Exchange Pharmacy, the oldest continually operating pharmacy in the state.
It's one of the last historic livestock markets, and its leaders say the stockyards has served as a vital marketing outlet for in and out-of-state ranches for more than a century.
"We fully intend to continue that tradition for generations to come," according to the press release.
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