Shrewsbury's board of directors has apologised to the club's fans as relegation back to League Two beckons.
The Shrews are second from bottom in the table, six points from safety with two games remaining and the board have all but given up on the club's survival chances.
"As relegation back to League 2 is all but a mathematical certainty, we as the custodians of the club feel it is time to look back and acknowledge some of the mistakes that have been made and try to explain some common misconceptions," read a club statement.
"We as the Board wish to apologise to our loyal home and away supporters for this season in terms of results and performances.
"They have been unacceptable, but as supporters ourselves it hurts us just as much!"
The board blames the club's plight on its failure to recruit well during the summer and an over-reliance on the loan system, while it stressed funds were in place for team strengthening.
The statement continued: "We believe that we have supplied competitive budgets to cement ourselves as a League One club with aspirations of the play-offs.
"There would have been funds available if the right player was available but we remind our fans that transfer fees are not the only form of investment and at this level player wages are the unseen investment.
"We have in fact posted significant losses in the last three seasons in pursuit of these aims, however our mantra is long-term sustainability of the club and these losses came from our reserves."
The board said the club will focus on homegrown players next season, was actively seeking new investment and will carry out "a root and branch review of our entire footballing structure".
"Once again we apologise for the season and reassure our supporters that we as a Board have reviewed the mistakes made," the statement added.
"Going forward we will continue to deliver competitive budgets that will not jeopardise the long-term survival of our proud and historic club."
Former manager Graham Turner quit in January and ex-player Mike Jackson was appointed as his replacement in February following a spell as caretaker boss.