Friedel group completes Shrewsbury Town takeover
Shrewsbury Town's American takeover deal is done, allowing owner Roland Wycherley to retire, reports BBC Radio Shropshire.
Friedel group has secured a takeover of Shrewsbury Town, allowing ex-U.S. international goalkeeper Brad Friedel to become the club's new sporting director. American-based consortium Biscayne ST LLC, comprising Friedel, finalized the share purchase agreement with former Shrewsbury owner Roland Wycherley, acquiring 87.4% of the League Two club's shares.
The new board includes Miami-based businessman Scott Davidson, New York financier Will Dotson, Craig Graham from Spartans, and former footballers Bryan Finnerty and Friedel himself. Wycherley, who has owned the club since 1996, can now retire at the age of 85. Shrewsbury, currently 15th in the table, is two points away from a play-off spot and performed well under manager Gavin Cowan this season.
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