Shrewsbury Town’s prolonged ownership uncertainty is close to ending after an American consortium received regulatory clearance to complete a takeover of the League Two club.
The Shropshire side confirmed on Monday that both the Independent Football Regulator and the English Football League had approved the proposed acquisition. The identities of the incoming owner and principal investors have not yet been disclosed and will be announced once the club is in a position to do so.
With the regulatory stage now completed, Shrewsbury are working through the remaining legal and administrative documentation required to finalise the transaction.
Current chairman Roland Wycherley, who put the club up for sale in 2024, is continuing to oversee the process ahead of what is expected to be a transfer of ownership.
The development follows growing frustration among supporters after several previous takeover attempts failed. Fan groups recently sent Wycherley an open letter seeking greater clarity over the club’s future, with Shrewsbury indicating that a detailed response will be issued separately.
Talks with one prospective American buyer collapsed in March 2025, while another proposed deal with a different group fell apart around six months later.
Although the club continued to attract interest, there was little concrete progress until June 2026, when terms were reported to have been agreed with another US consortium. Regulatory approval now represents the most significant step yet towards completing that deal.
Once the sale is formally concluded, it will bring an end to Wycherley’s roughly 30-year spell as Shrewsbury owner.
The change of ownership comes during a challenging period on the pitch. Town were relegated from League One in the 2024-25 season and then required a strong late run under manager Gavin Cowan to secure their League Two status and avoid dropping into the National League last season.