Friedel group completes Shrewsbury Town takeover

Shrewsbury Town's long-drawn-out takeover deal has been completed, allowing former USA international goalkeeper Brad Friedel to come in as the Shropshire outfit's new sporting director.

The paperwork on the share purchase agreement with Scott Davidson's American-based consortium Biscayne ST LLC - which includes Friedel - has been finalised, taking up 87.4 per cent of the League Two club's shares and allowing long-time owner Roland Wycherley to finally let go.

Miami-based businessman Davidson is joined on the new Town board by New York financier Will Dotson and Craig Graham, chairman of Spartans, the Edinburgh-based Scottish League Two club, while former Liverpool, Blackburn Rovers, Aston Villa and Tottenham Hotspur keeper Friedel will come in to take a hands-on role, working with manager Gavin Cowan.

Davidson becomes chairman of the board, which still includes existing members Liam Dooley, the club's chief executive, and Duncan Montgomery, while another ex-goalkeeper, Bryan Finnerty, is to join the group, pending the EFL's owners and directors' tests.

After 30 years of leading the Shropshire club, since succeeding Ray Bailey as chairman in the summer of 1996, Wycherley can now retire at the age of 85.

The Shrewsbury-born lifelong fan first made his intention clear to sell more than five years ago when the Town were still a League One club.

But his dogged determination to do a deal he had to be convinced was right for the club's long-term future before he handed over the reins has made the Shropshire businessman a tough adversary - and lengthened the process, to the frustration of Town fans.

In a club statement,, external Wycherley said his ownership tenure had been "an honour and a privilege" but admitted the club "needed new investment".

After suffering relegation in his first season, Shrewsbury have since been relegated three more times - and promoted three times - in Wycherley's period as owner.

But the biggest legacy of his three decades at the helm was the Town's move in 2007 from their old Gay Meadow home to a new 10,000 all-seater stadium.

The first of those three promotions was under Graham Turner, who returned to the club to recreate the success they had in the late 1970s and early 1980s, taking them up in 2012.

"Roland has put an awful lot into the football club," Turner told BBC Radio Shropshire. "He's kept it going, when at times it's been hard.

"I've nothing but admiration for him. Over the years he's done a very good job."

Wycherley's last game watching the club while at the helm was Saturday's 2-1 FA Cup first-round win at non-league Eastleigh.

Wycherley leaves Town lying 15th in the table, but they are only two points shy of a play-off place and have performed encouragingly this season under manager Gavin Cowan, who came back to the club in January to save them from the drop.

Town were up to eighth when they won at Crawley on 20 October - and have only slipped down in a tightly-congested table thanks to a late Rotherham equaliser followed by a late Gillingham winner a week later.

Friedel was in attendance at Oteley Road for Town's EFL Trophy Northern Group E win over Everton Under-21s on 27 October. And both he and Davidson are expected to be in attendance for this Saturday's home game with another promotion-winning former Town manager Micky Mellon's Oldham Athletic.

BBC Radio Shropshire sports editor Nick Southall

For years, Shrewsbury Town supporters have awaited certainty over the club's future. Now, they have it.

After 30 years at the helm, Roland Wycherley's reign is over - the Football League's longest-serving owner.

The 85-year-old is credited by many with saving Shrewsbury when an ageing, flood-prone Gay Meadow was becoming an increasing burden on finances.

During his stewardship came some of the most memorable moments in the club's history: the Great Escape at Exeter, Jimmy Quinn's side winning promotion back to the Football League at the first attempt, Graham Turner's fairytale return, another promotion and then a League One Wembley play-off final under Paul Hurst.

Perhaps Wycherley's greatest achievement was overseeing the emotional move from the much-loved Meadow to Oteley Road, securing Town's long-term future.

For many years, the club earned a reputation as one of the best-run in the EFL, operating sustainably, avoiding the financial crises that have engulfed so many others.

Yet football has changed dramatically. Revenues have grown, investor-backed clubs have become increasingly common and Town find it harder to compete financially. While stability remained a strength, supporters increasingly questioned whether the club had reached its limits.

Wycherley's biggest footballing regret may be the missed opportunity to reach the Championship.

Hurst's side came agonisingly close in 2018, only to suffer Wembley heartbreak against Rotherham and miss a return to the second tier for the first time since the 1980s. Likewise, Steve Cotterill's side knocked on the door in 2022-23 but injuries at the tail-end of the season ultimately scuppered his chances.

Many Town supporters have only ever known Wycherley as owner. Now a new chapter begins as Davidson arrives with a track record of success in Scottish football, while Friedel brings both profile and experience from the game's highest levels.

Their arrival raises expectations. Can fresh investment improve recruitment, infrastructure and long-term ambitions? Could Shrewsbury become a success story in the next decade?

Scott Davidson:

"Shrewsbury Town is a special club with a unique place in the landscape - and we believe it has limitless potential.

"We have put together a world-class investment team of business, legal, finance and sports professionals to help guide us and support our growth.

"Paired with the outstanding staff and leadership team that is already in place, our goal is to provide the community and our supporters with a club of which we can all be proud."

Roland Wycherley MBE:

"It has been an honour and a privilege to serve as chairman and custodian of my boyhood football club, which I have proudly supported since the age of seven.

"My journey began by sponsoring an advertising board behind the Tech End goalmouth, before becoming an associate director in 1994, vice-chairman and, in 1996, chairman.

"One of the proudest moments was securing the move to our purpose-built stadium in 2007, bringing an end to 97 memorable years at the much-loved Gay Meadow. I firmly believe that move provided the club with a platform to progress.

"The club needs new investment to build on the foundations already in place, particularly the excellent work being undertaken within our foundation and also our academy."