Shrewsbury Town has been granted approval to sell the club to an American consortium following clearance from the Independent Football Regulator (IFR) and the English Football League (EFL). The club received written confirmation on Monday.
The League Two club agreed terms with the American group in June. The identities of the new owner and principal investors have not yet been disclosed but will be announced once the club is able to do so.
What happens next
Shrewsbury Town said it will now finalise the remaining documentation and conclude the takeover process as soon as possible. The club statement added: "Now the regulatory processes have been successfully completed and approved, we move towards finalising the remaining documentation and concluding the takeover process as soon as possible."
The statement confirmed that chairman Roland Wycherley remains committed to finalising the transaction and ensuring a smooth handover.
Background to the sale
Wycherley put the club up for sale in 2024. The takeover process has been protracted, with two previous American bids collapsing — one in March 2025 and another six months later.
The collapse of earlier negotiations led frustrated supporter groups to send an open letter to the club demanding answers. That letter was sent on 6 September. The club said it would provide a detailed response after due consideration.
The approval comes just 24 hours after the supporters' open letter was received. The club thanked supporters for their patience and said it would provide updates as soon as possible.
Once completed, the sale will end Wycherley's 30-year tenure as owner. Shrewsbury Town suffered relegation from League One in the 2024-25 season and required a late-season revival under manager Gavin Cowan to avoid dropping into the National League.