Shrewsbury take step close to takeover deal

Shrewsbury Town have moved a step closer to being sold to an American consortium with the prospective buyers understood to be undergoing the English Football League's owners and directors test. BBC Radio Shropshire reports that terms of a takeover have been agreed, with documents submitted this week to the EFL and the new Independent Football Regulator. The League Two club announced in April they were negotiating with a US-based group over a possible deal, with several other parties also interested. Long-serving Salop owner Roland Wycherley has been looking for a buyer since September 2024 and has had a number of prospective deals fall through over the past 12 months. After negotiations with another potential American buyer ended in March 2025, a second bid from a different party six months later also collapsed. Despite more interest in November that year, nothing concrete materialised but now the club seems set to change hands ending Wycherley's 30 years in charge. Shrewsbury recovered from a difficult season on the pitch when they flirted with relegation before a resurgence under new boss Gavin Cowan to finish 19th and 10 points clear of the drop zone. Cowan signed a new two-year contract at the end of the season. Shrewsbury in takeover talks with US consortium Salop confirm improved accounts showing £600k loss Shrewsbury still in "multiple" takeover talks Latest Shrewsbury takeover deal collapses Deal close but 'not imminent' Analysis - BBC Radio Shropshire sports editor Nick Southall This is the furthest Shrewsbury Town have reached in their takeover talks since beginning their search for a new owner. We believe it's not imminent and Roland Wycherley continues to fund the club and new signings. But progress is being made, and additional documents are being prepared for submission to the owners' and directors' test. The club's been locked in talks with an American consortium for the last few months. The prospective owners are different to the American group who pulled out last year due to external issues. No potential buyer is legally able to have influence at a football club until a takeover is fully completed.