http://www.bbc.co.uk/sport/0/football/19118854 Nothing said in there about why it collapsed. Did Hughes just change his mind? Could it be with the new players we have in we're not as eager to have him back as we were a few weeks ago?
If Spunky wants to ship him out ASAP, then it's in his interests to have him playing soonest. On the other hand, if he still believes Barton has a role to play at the Rs, then it's again in his interests to have him playing soonest. I imagine it's some bureacratic quibble over costs, insurances and the like.