The decision is not really surprising given that no potential suitors for the post have firmly come forward to take over the position.
Once again it shows the limits of Preston and the lack of ambition that people have for the club in general. Since David Moyes left, coincidentally at the same time Shaw was appointed, Preston have lacked any real ambition of breaking out of this division save for Billy Davies who almost singlehandedly lifted the club through good management skills.
There is not much that can be done if no one wishes to invest. The usual fingers will be pointed at Hemmings and Co who sit on the board with megabucks without investing.
The worrying thing is that Preston will remain stagnant as a club under Shaw. He can do no more. In his six years in charge he has steadied the ship. Preston are financially sound compared to others. After six years we have only started building a fourth stand - the other three present before Shaw arrived at the helm.
The football club as a team is stagnant, still in the same division, without a manager as in March 2001 when Shaw came to the fore.
As reported in The Guardian, Preston are at a crossroads - oh which way to take? Forwards with a possible investor and a manager who can handle this tricky division or backwards slipping down the table with an adequate manager and chairman with no money. I hate to say it but the likelihood of us getting a decent manager is about nil and a chairman to boot may well see the club go back into the abyss very shortly to undo all the hard work of Gray, Peters and Moyes of the past decade.