David Beckham has clarified details of his involvement in Union Street Cafe after Gordon Ramsay had suggested he was to be a partner in the business.
On the eve of its opening Beckham has now said he will not continue working on the project.
A source told the Daily Mirror that Beckham decided not to continue his involvement in the restaurant two weeks ago.
The source added: "They may be best friends, but they are also very astute businessmen and both wanted different things.
"Becks was ready to make an investment and had visited the site. But they both talked long and hard and have decided not to work together on this occasion."
Union Street Cafe, which opens next week, received 2,500 reservations within four hours of its website going live two weeks ago.
Dishes at the restaurant, designed by Russell Sage, will focus on seasonal ingredients from Borough and Maltby Street markets as well as from across the British Isles, complemented by Mediterranean produce with an emphasis on artisan producers.