Shrewsbury Town takeover falls through as American businessman pulls out of deal
The proposed takeover of Shrewsbury Town has collapsed after an American businessman withdrew his offer to buy the football club, the Shropshire Star understands.
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Uncertainty over whether Town's takeover was going to go ahead first appeared last week when former boss Gareth Ainsworth walked out on Salop to join League Two Gillingham.
The previous head coach had gone on the record to say if a takeover did not happen, then he was not sure whether he would remain in charge of the football club.
Town announced they were in a period of exclusivity with a potential new owner - who is understood to be an American entrepreneur - back in November last year.
That period of exclusivity ended on Monday, March 31 - and now Shrewsbury are free to talk to other interested parties.
But now, despite everything being completed on the club's side, it is not the right time for the buyer to complete the deal.
While all this goes on in, Town are in a difficult situation at the bottom of the league table, they are staring relegation to League Two in the face and there is no end to this in sight for supporters.
