Liam Dooley, the town’s CEO, announced last month that the team will be entering into an exclusive phase with a possible buyer.
It came after a March agreement involving an American multimillionaire fell through. However, Roland Wycherley, the chairman, has acknowledged that the move also failed.
“At that time, we had signed paperwork with a party who were preparing to move forward,” he stated on the club’s homepage.
But once again, they disappointed us by withdrawing after deciding not to complete the EFL procedure.
“We did not issue a further update then because discussions with other interested parties were still active – and remain so now.”
The next exclusivity deal will last for a shorter time, and new partners will be urged to disclose their identities at that time, according to Wycherley, who took over the club 29 years ago.
He acknowledged that since April, Shrewsbury had received 16 expressions of interest and four different offers for the football team, two of which advanced to the first round of the EFL Owners’ and Directors’ Test.
“In the long run, it may well prove beneficial for Shrewsbury Town that those deals did not proceed,” Wycherley said.
It has been extremely difficult to find purchasers who are prepared to supply all the paperwork required to purchase a football team, especially when it comes to proof of cash.
“Across the game, there are many clubs on the market, yet only a small pool of serious investors with both the resources and the genuine intentions to take a club forward.” After being relegated last season, Shrewsbury is currently at second-bottom of League Two.
Wycherley stated that some prospective purchasers have been hesitant due to the team’s on-field performance over the past six months.
While expressing regret to the supporters for the wait, he emphasised the importance of exercising patience in order to identify the owner who has the “right intentions” for the club’s future.
“One party we turned down was later found to be interested in purchasing the club solely for its asset value,
intending to borrow against it and mortgage the club immediately,” according to him.
“After almost 30 years of building this club carefully and sustainably, I could not, in good conscience, allow that to happen.”
Read more at;https://www.naijalegit.com