Reports emerged earlier this week stating the former Chester City owner was leading a party keen to take over at Boundary Park and that negotiations had been ongoing for a number of months.
Latics director Barry Owen acknowledges there was interest shown by Vaughan's consortium `some time ago' but has dismissed any chance of a sale having spoken to chairman and majority shareholder Simon Corney, who is currently in the US.
Owen told the club's official website: "The chairman has never made any secret of the fact the club is for sale.
"However, it has always been a stipulation that any sale would have to be in the best interests of Oldham Athletic Football Club."
Owen added: "This demonstrates his passion and love for the club and, from a personal point of view, it is unfortunate people want to second guess his intentions.
"The club is currently in the final stages of developing the new North Stand and I am sure Simon is fully focused on this particular project.
"I am aware that the club staff have been assured their jobs are safe and no takeover will occur to the Vaughan consortium."
- Sports & Recreation
- Barry Owen
- Simon Corney