Colchester United are pressing ahead with their summer recruitment plans despite the collapse of the proposed John Terry-backed takeover. The club confirmed yesterday that a takeover involving a consortium including former England captain John Terry had fallen through, leaving the U’s under the long-term ownership of Robbie Cowling. Colchester United head coach Danny Cowley will press ahead in his search for new signings within the club’s existing financial limits set by Mr Cowley. The focus is on making smart, value-driven decisions in the transfer market. Colchester United remains focused on preparations for the forthcoming season and on continuing the positive progress that has been made both on and off the pitch. Recruitment is being handled pragmatically, with budgets dictated by the owner while the Cowleys focus on maximising value. Cowley stated recently that Colchester are also exploring the out-of-contract market, looking at players who are available from other clubs and assessing whether they fit the U’s profile. Colchester United winger Kyreece Lisbie has been linked with League One sides, but the club is keen to retain its key players. The collapse of the Terry deal has removed the expectation of a potential financial boost, but Cowley has previously stated to the Gazette that he remains optimistic about the long-term future of the club. Colchester are set to report back for pre-season training on July 1, with Cowley’s summer recruitment shaping the squad for another League Two campaign within the existing budget. The U’s are looking to build on their recent progress and make a strong push for promotion in the 2026-27 season.