Toulon owner Mourad Boudjellal has decided not to sell the club after stating earlier in the year that he would consider it.
Boudjellal stated earlier this year that he was considering selling the club after saying that he was after "another life".
"I've decided not to continue with the project to sell Toulon," Boudjellal told Skysports.
"I took the decision to stay last weekend."
After announcing his interest to sell the club in September film producer Gerard Barba and lawyer Lucien Simon said they were keen to acquire the club.